Sorry to necro this topic, but I want to give in additional views:
We have to think about, for what the big D was designed for. While I think about it, the D'deridex was created to fullfill many tasks like the Galaxy-class and in this manner not good for a single purpose, but for many at the same time. Like the Galaxy, the D'deridex
will have a large storage room, large shuttle-bays, a considerable amount of weapons and defense systems, it can cloak VERY well, so it can also do task for scouting, it may carry many troops and so on. In short, the D'deridex is a multi-purpose warship.
While I see the direct battle-strength to be highly variable in many engagements, I think that the battle-power of the big D depends highly on how well it is equipped. As we know in the dominion war, the romulans were put into the war at a short hand, so they may not have had the time to upgrade all D'deridex-class ships to their latest technology. As we know, the D'deridex is an old design but is used a long time (like we know from the BoP or the K'tinga) which means, that this ship may be highly able to be refitted with the latest technology and even stay en par with it.
If the warbird would be inferior, the romulans would have set other ships to replace it in the war. I speculate, that they did not had the time to refit all of their ship, because I think it takes a f****** huge amount of time to upgrade such a behemoth and will also nom nom away a huge amount of resources.
We also see, that the weapon-platforms in the battle of Chintoka were able to hit the ships as they had no shields. I see it in nearly any engagement of the later DS9-shows, that there is no shield bubble. So at this point, we have a biased view. We just cant say, if the scene was realistic or not.
I also think, that the romulans are not inferior in their technology development. I agree, that they don't have the resources of the federation, but their technology seems to be highly advanced. Look at the Scimitar (okay, biased I admit) or the Valdore. The Valdore looked pretty powerful and was only taken out so fast, because the Scimitar knew on what to aim for (I'm sure they had the tactical layout of this ship-class) while the Valdore itself was able to penetrate the shields of the Scimitar to a critical level ("They nearly have us!"), while the Ent-E was'nt able to come even near that. (The shields of the Scimitar regenerated to 70% at the 'end' of the battle) I must say, that the shields of the Scimitar must have a freaking regeneration rate, so maybe this is also a plot-armor which won't reflect 'reality' - haha.
To, back to topic. If we refit a D'deridex with the tech of a Valdore (armor, shields, weapons and so on) the big D would be really fearsome. But at the same time, I think that the romulan star empire would be a sitting duck while refitting them.
I think it all depends on the internal systems - and if you want, the big D could be more powerful than the Negh'Var - IF you can pay the bill. The romulans cant, so they have chosen the golden middle between costs and power.