This statement is completely wrong on many levels.
For pulling heavy objects, engine torque is far more important than HP. Engine torque can't be changed by gearing. The torque delivered to the wheels will vary with gearing, but it is only variable within the range the engine can produce. The last Mack truck I drove had an E7 engine with 250hp, but it had just shy of 1,000lb/ft of torque. My Tundra has over 380hp, a bit over 409lb/ft of torque. Which do you think will pull heavy objects better? It ain't the Tundra with 50% more HP.
Further, torque curves change far less (flatter) than HP curves are, so gearing has much less impact on torque than it does HP.