I'm one of those people that has a difficult time putting thoughts into words, so bear with me on this.
But, altitude has a huge effect when calculation tubo maps. Plus, I don't think people are really picking up how much of a difference seeing 20 psi at sea level to 18 psi at 5000 feet really is.
For example, lets say that you normally make 50 psi ON THE GAUGE at sea level. There is a difference between gauge reading and manifold pressure, and it is only more pronounced at elevation.
For example, your 50 psi at sea level is actually 64.7 psi manifold pressure. (maybe 62-63 depending on intake/air filter. Maybe). Then you can calcuate pressure ratios, target hp, target af ratio, blah blah blah for a turbo maps.
Now lets say you dyno in the clouds, and you can't build as much boost. Lets say you hit 45 psi gauge pressure instead of 50 psi. You didn't just lose 5 psi, you also lost an additional 2-2.5 psi from elevation (12.5 atmosphere). The manifold pressure is like 57.5 (or 55-56 depending on air filter / intake again.) So you may be loosing 8-10 psi manifold pressure instead of just the 5 you think your missing on the gauge.
Not to mention air density, humidity, and any other factors you can think of.
I don't know that it makes a 200hp difference, but it sure changes a LOT of factors to be passed aside as nonsense.
When you add in nitrous.. I think it is even less of a difference. Probably a lot closer to no difference at all.