How do you measure torque on an airplane engine installed in the aircraft?
That strain gauge you're talking about would depend on a calibrated engine mount (strain gauges measure distortion, not force or torque), and measures thrust, not torque. You can apply a lot of torque to a prop spinning at 5000 RPM, but it won't make much thrust if the prop is stalled.
If you truly want to know peak torque, it's rather precisely peak RPM for a fixed pitch prop. For a constant speed prop, the best measure is related to energy production (EGT), calibrated by the airspeed indicator. I.e., find the EGT that gives you the best indicated airspeed. If you relate it to peak EGT, it will be less sensitive to remaining variables like OAT and altitude.
With strain gauges in the mounts.