Just my opinion..
Which according to a lot of people in this thread doesn't mean anything since I haven't had a car faster than high 10s, so take anything I say with a grain of salt.
I've done plenty of drag racing with manual, auto, FWD, RWD.. Road racing, autocross, street driving (at one point 25k + miles per year, mix of auto and manual)
I've raced a coworkers 550 HP supra with my 06 at the strip 20+ times, who has killed me (with his 4 speed auto, converter, etc) at the drag strip, every time. But my trap speed was as fast as or faster than his every run (we're talking 1.5-1.7 0-60 vs my 1.9-2.1). On the highway against the same supra (which is supposed to be a highway queen) I pulled hard every time. Did I lose to him at the track? Yes. Did it bug me? Not in the least, I had fun dealing with shifting the entire time, where he only had to worry about his trans brake and amount of boost off the line, and how straight his car was going.
Right now I have a DD that's typically an auto, and 2 cars that I cruise around in / take to the track (doesn't have to be just straight line) that are way more fun to drive as a manual. Yes, I like to win, but I also like how I feel when I had a good launch, good run, it's a personal challenge to improve something that depends on ME (that is, my 60', my ET, being in the right gear out of a turn...) If I lost to a faster car with similar mods that was an auto? Challenge accepted, go back and improve your shifting, pick a better RPM or shift point (which if any of you remember fox bodies, a stock one shifted at redline ran slower than one shifted at ~5200) and get a better feel for your car. I don't think I'd ever own an automatic in something I don't have to drive every day.
Also for the comment about torque multiplication earlier in the argument about autos being better.. Compare dyno numbers for that one. The newer autos are way more efficient but parasitic loss is still higher than a manual...