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Well...Higher you go, the air is less dense. The less air you have...the less fuel you can jam into a motor. The less air and fuel....well...you get the idea. Just supercharge it and you won't have to worry as much. lol
How many % more HP if you dyno at sea level vs. 1500 feet..
No doubt that higher barometric pressure makes more power and that pressure is inversely proportional to altitude. Similarly, lower temperatures result in denser air and higher real world hp numbers.
That being said, it should really do little to affect your dyno numbers assuming that the dyno numbers are corrected for STP (Standard Temperature & Pressure).
How many % more HP if you dyno at sea level vs. 1500 feet..
Depends on if you re-tune your induction. It could actually decrease your HP if your engine is borderline lean at 1500 ft - dropping down to sea level will increase the air:fuel ratio and lean your engine out even more.
On a properly set up engine you will lose 3% per 1000 feet of elevation. So up here in Denver the power will be down about 15% if jetted and tuned for altitude vs the same engine tuned for sea level. If you bring the car up from sea level with no changes the drop will be greater.