Coming from an engineering background, this whole discussion regarding power on and indoor being different to power outdoors puzzles me, there must be a good explanation, we just haven't found it yet.
So, I started thinking about analogies in my world - electronic engineering, and looking for possible explanations.
Electrical power for a DC signal is defined as P=VI (voltage x Current). However, for an AC signal it get's a bit more complex - the average voltage for a sinusoidal wave is zero, as is the average current.
Now in order to calculate average power of an AC signal, the concept of RMS or root mean square is used. To get the rms voltage of an AC signal we divide the peak voltage by the square root of 2. Hence power for a varying signal is calculated as the rms voltage multiplied by the rms current. My apologies if I've gone too deep here!!
Now, as a gross approximation, the torque pattern on the crank approximates a sinusoid. My understanding of the behaviour of the power meter is that it samples once every second the average torque over the last second, and not the RMS. I stand to correction here!! The same applies to the cadence - which is sample once per rotation.
Given the lack of inertia on an indoor trainer, one would assume that the torque pattern on an indoor trainer is different to the torque pattern outdoors. Is it possible that the RMS power value is actually different because the wave shape is different, and our bodies are responding to the RMS values and not the average values that our power meters are displaying?
For people that are able to produce similar power indoors to outdoors, their natural torque patterns are similar in both environments.
Just a way out thought - feel free to shoot it down.
For a good overview of rms power see http://www.meyersound.com/support/papers/amp_power.htm