Watts (or the multiple kilowatts) are the measure of power in the international system of units. Horsepower is a measure of power (defined as 746 watts, or 735.49875 watts for the European "metric horsepower"), originating from attempts by steam engine inventors to describe the output of their machines. They are just different (new and old) units for the same thing, and completely comparable.
Both watts and horsepower are defined in more basic units of work per unit time, or force at a velocity (since work is force through distance):
- watts = joules per second, or newton metres per second
- horsepower (traditionally) = 550 foot-pounds per second (or the rate of work done by a horse pulling a rope to lift a 550 pound weight at one foot per second)
Rotationally, the combination is torque (instead of linear force) and rotational speed (instead of linear speed)
- 1 watt = 1 newton-metre radian per second (so Power (kW) = Torque (N·m) x Speed (RPM) / 9548.8)
- 1 horsepower = 5252 pound-foot rotation per minute (so Power (HP) = Torque (lb-ft) x Speed (RPM) / 5252)
Shaft power is always a function of torque and speed, regardless of the units.
Watts and horsepower are completely interchangeable, using the appropriate conversion factor (746 W = 1 HP). The proper SI units (watt, etc) are convenient because they also work with electrical units, so power (W) = voltage (V) x current (A); one could do the same with horsepower, but with a conversion factor.
Internal combustion engines are now routinely rated in kW, because that's the modern unit... although for the general public this is still commonly converted to horsepower.