Weight-to-horsepower ratio gives only a rough approximation of acceleration potential. Speed is strictly horsepower.
Both depend on gearing: transmission ratios, final drive ratio and overall ratio including tire.
Weight affects acceleration greatly but has almost no influence on speed.
There are at least two programs that can calculate 1/4-mile speed and ET with known weight, HP and gearing. I found this using Google:
http://www.nightrider.com/biketech/c...mulas_page.htm