Moot:
Well for starters, just as your Jumo 213E shows engine power output is not a constant. Just because the P&W R2800-57C (P-47M engine) could run at 2800 HP WEP at 32,000 feet doesn't mean that it puts that power out at a different altitude. I don't have R2800-57C power output curves be we can conjecture from a few different ways:
1) From wwiiaircraftperformance we have some data on the P-47M:http://www.wwiiaircraftperformance.org/p-47/p-47.html#p47-mNotice 2 interesting lines:
Guaranteed Performance:
(a) High Speed at 38,750 ft. (Critical Altitude) with 2100 BHP
(d) High Speed at 42,000 ft. (Critical Altitude) with 1700 BHP
Notice the significant drop off in engine power output from 38,750 to 42,000 ft.
Secondarily, the critical altitude for the engine on WEP is the following from that report:
Additional Performance:
(a) High Speed at 32,000 ft. (Critical Altitude) with 2800 BHP (W.E.P.)
2) We can compare against the P-47N since it was fitted with the same R2800-57C with late models having the R2800-77Since HTC has this the P-47N modeled they have an power output curve they are modeling for possibly the R2800-57C or similar engine with a max power output of 2800 HP. Here's a comparison of speeds based on WEP:

Notice the power drop off at about 30,000 feet for the P-47N.
So variation in engine power output with altitude is probably a big factor in answering your question. Let me also just caution that as in anything having to do with aerodynamics it's wise not to over generalize - in this case only evaluating differences in power for instance.
Tango
412th FS Braunco Mustangs