Top speed depends on peak power, not the area under the curve.
Yes, that's correct, assuming that the propeller is properly pitched. With an ICE, if the prop isn't correctly pitched then you will either not reach top speed or your top speed will be lower than it could be. In that case, you need to change prop pitch. But with an electric drive you can (probably) just shift the peak power point to match the prop.
It's
acceleration that's dependent on power under the curve. Also, since greater area under the curve (for the same peak) means more power at RPMs below peak, the drive with more area under the curve will have better ability to push the boat at speeds below top speed when resistance is higher than nominal, such as when driving into a headwind or into waves. That's true regardless of whether the prime mover is ICE, electric, a nuclear-powered steam turbine, or any other kind of device that rotates a shaft. So area under the power curve is a good proxy for overall drive system performance.
Also, while not specifically related to power and area under the curve, an electric drive can be programmed for more rapid and more controlled output power response, making it less prone to "hunting" when resistance is variable, such as when pushing through waves.
Regarding ratings, you're quite right that it's not possible to simply compare ratings 1:1 between ICEs and electric drives. That's one of the reasons I've been resisting the trend in the auto industry to rate EV drives using horsepower. I think EV power ratings should be given in kW, in part to break the trend of trying to compare them 1:1 with ICEs. All such power ratings can be misleading to a person with unsophisticated understanding of the physics, as I'm sure you know.
Anyone who designs a boat which needs a certain power at the propeller to achieve the top speed and thinks that if an electric motor is the source of that power then only half of that power will be required with the same propeller is sadly mistaken.
One of the odd things about this subject is that it seems to inspire people to form counter-arguments for arguments that nobody is actually making.
I want to be clear that I'm not advocating for electric drives in preference to ICE drives. I do think they have excellent potential as sailboat drives, but I also acknowledge the many advantages of ICEs, not least being that they're an established technology with known reliability and durability and an established service network. Those are huge advantages that a boat designer would be foolish to ignore. If there is such a thing as a situation where one choice is clearly better in every way than another choice, this is not one of them. It's important for everyone to acknowledge that.