Peter Pedant,
moving a mass of 50kg a distance of 1m against gravity does NOT equate to 50J of work. Work done = force x distance = mass x acceleration x distance. Here, acceleration is g = 9.81 m/s, so work done is approximately 500J.
The seemingly impossible result is connected with the speed: at 4000rpm, something falling under gravity would move approximately 1mm on each revolution, so the effective distance moved is much less than the 15mm quoted. Therefore, the work done per cycle and hence the power, is much less.