Yeap,your right...this is known as takeoff boost and is usually good for five minutes..before the manifold overpressure burst a gasket or rings or worse...my contention is that all a/c have a wep setting it just depends on the game's interpretation of what they want wep to represent...
if you use max continuous rating (also known as international or normal)as your normal max throttle then you can advance to military (known as climb&combat..5 to 15 minutes) and then wep or takeoff (max boost) rating augmented with ADI or nitro.