Ultimately, it's the power which decides how fast you can get up a hill, or how fast you can go on the level (and that will depend on the wind). I *don't* think you should pay too much attention to claimed torque values. I think you need to try them all and decide which one feels most suitable. I'd have thought the other key parameter was range, a good indicator of that would be the amp-hours of the battery (bearing in mind that it also depends on voltage: a 12 volt battery with 10 amp hours contains the same amount of energy (hence the same range) as a 6 volt one with 20 amp hours.
There are of course other factors like electrical losses in the motor, wiring, connectors, etc. and frictional losses in bearings, and rolling resistance. Both bicycle and electric motor technology are fairly mature and the ways of controlling losses are well understood. Although you can reduce losses up to a point by throwing money at them.