The P-51 had a higher mach number so they didn't compress as soon when diving on bandits at high altitude.
The P47 will out dive a P51 and will out zoom it also.
Reason...weight.  The P47 was a product of 30s technology, the P51 the 40s'.
The P51 had greater range.  Radial engines were great for taking a beating.  No glycol lines to worry about.
Oil hits were less worry to a radial engine also.  Radials however gulped fuel.  Radials were more reliable
but a radial engine added more drag to a fighter.  You'll notice that in general the US Navy used radial engines
chiefly for their reliability and ruggedness. Flying over great expanses of Ocean required  greater reliability, 
which the radial engine supplied.