indeed... or to a put it another way... for the same fuel mass flow, a small turbocharged engine can achieve the same power output with less mechanical losses, and hence better fuel economy....Tommy Cookers wrote: the turbocharged engine['s....] good efficiency comes essentially from boosting the mass flow without significant increase in engine mechanical losses.
To steal your own phrase; "would you stake your life on that?"Certainly it was said that turbo engines necessarily opened the exhaust valve earlier (to feed the turbo more energetic gas than would naturally occur)).

Taking the 1970's 911's cam timing as an example:
2.7 litre (normally aspirated) inlet: 64/76, exhaust 64/44
3.0 litre turbo, inlet: 22/62, exhaust 50/20.....
As you can see: the turbo engine has much less duration, less overlap and the exhaust opens later, not earlier....
But anyway, regardless of whether the turbo absorbs some additional power or not the end result is the same: the positives outweigh the negatives and a small capacity turbo engine is more efficient than a larger/high reving naturally aspirated engine... I point again to those VW Polo figures from my earlier post.