What GRUNHERZ said.
At low speeds, the drag will be overcompensated by the G10 engine and you will have a much better acceleration than P51. As speed increases, drag becomes more and more noticeable til the point that your engine does not output enough power to keep a possitive acceleration. At this point u have reached your top speed for a determinate air density.
In a substained climb at low speed, drag is minimal compared with your engine power, so, power/weight ratio will be the more important factor and the G10 will outclimb easily a P51D.
Things are very different for zoom climbs where the initial climbing speed is well above 200 mph, here the winner will be the Mustang.