I understand your concern. I would not expect to be able to "burn rubber" doing a "convertor dump" with a stock 540. Obviously, traction control will prevent wheel spin if it's on, however this has nothng to do with traction control being on or off. It also doesn't have much of anything to do with whether you have a limited slip differential or not, although an open diff will tend to cause spinning on one side or the other, depending on which tire has more traction. The problem is also not because the engine makes insufficient power, or that the power losses in the driveline are excessive.
It's a simple matter of the differential being geared too high (numerically low) to be able to put the power down. The 540iA comes with a 2.93:1 diff ratio, which is ridiculously high. I'm sure that this was done deliberately in order to improve fuel economy and to help it to cruise at highway speeds at a low RPM. It was designed as a "luxo-rod" after all....
With this gearing, the car is theoretically capable of a ridiculous top speed of over 200mph. I don't know if it can attain this speed or not, but I'm sure that it would require a VERY long, level course. The car is able to perform well with such a high gear because it has plenty of low-end torque, it just can't overcome the gearing to break the tires loose and spin them.
I am able to break my tires loose ;o)
I installed a 3.46:1 gearset with a Quaiffe automatic torque biasing unit.
Before the Quaiffe unit, my rear tires regularly wore much less than my front tires. Now I'm able to wear both front and rear tires out equally fast!
