We debated long and hard between puchasing the Phaeton 42QRH or the Bus 42QRP until Tiffin introduced the Bus 43QRP which has a floorplan similiar to the 42QRH which we liked. What held us off from ordering the Phaeton in the first place was the same concern you had over the engine but really, it isn't as bad as the numbers sound.
The 52,600 GCWR of the Phaeton sounds like a lot of weight for a 360HP engine, until you start to look at the numbers. In reality, there's no way, you'll ever approach even 45,000 GCWR with the rig unless you plan on towing a big stacker trailer.
The Phaetons unloaded vehicle weight is 32,142 pounds which is carried very nicely by the 42,600 lb chassis. You've got tons of carrying capacity...and I mean multiple tons.
Most likely a travel weight for the Phaeton is going to be around 36,000 lbs and if you're towing a car weighing at 4,000 you're going to be running a combined weight around 40,000.
While 360 HP for 40,000 is a little on the low side, the 1050 torque is pretty stout, and should perform pretty well. As always though, the best advice regarding performance is going to come from the seat of your own pants

Take the rig out for a test drive and see how it does.