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I think the R-1830 could have made considerably more power as it had a greater piston area than did the Curtiss-Wright R-1820, and at 2700 rpm, was running a lower piston speed than did the CW engine at 2200.
Without knowing more about what was going on, I can't be definitive, but I suspect that the reason was that the customers -- dominantly, the US government -- didn't see a need for a more powerful variant. Pushing things to the same level as the R-1820, which was a contemporary engine of very similar technological level, it's not extreme to think that the R-1830 could have been pushed to 1700 (with the same ratio of horsepower to cylinder surface area) to 1900 hp (with the same ratio of horsepower to piston area). I suspect that, during the war, the government -- the guys who were writing the checks -- felt that P&WA needed to spend much more effort on development of the R-2800 and, towards the end of the war, the R-4360.
As an aside, pushing both parameters to the same level as the R-2800, the R-1830 could have been pushed to nearly 2000 shp.
You are assuming the R-2800 at 2800hp? Only a few very late war models achieved that.
You are also assuming that the required cooling could be achieved on the R-1830.
How much work would be needed to design an R-1830 running at higher rpm to equalize the piston speeds (and how much more would it weigh?)