Sorry but that is just utter BS... if you think that arguement has any real value then you have some serious problems.
First the Bugatti engine is an 8L W16 Quad Turbo (so you sorta got that right )
Next: About your ridiculous displacement guestimate... To find the equivalent displacement produced by the turbochargers you follow a simple calculation (that you will probably find at those racing clubs )
Seeing as you don't know what the formula is I will tell you...
Ready...?
Here it is: Engine's Volumetric Efficiency in a decimal value (ie 75% = 0.75) multiply that by the static displacement (in any unit so long as you maintain the chosen unit of volume) We will call this value True Displacement Part 1 (TDP1)
Now take the absolute pressure in the manifold and divide it by the atmospheric pressure (you may assume atmospheric pressure to be 14.7 PSI or 101KPa ect.) We will call this value True Displacement Part 2 (TDP2)
Now here comes the tricky part.....
ready...?
TDP1 X TDP2 = equivalent displacement
The number of turboes is irrelevant.
Also what is amazing about a race tuned engine making slightly over 100HP/L stock hondas do much better...
HP/L is also not a measure of efficiency.