Dear Tuvya,

Great to hear from you. Very excellent question!

Can we understand the difference between the terms as follows?

Chochmah is meant to be applied in life by living according to proper character traits (Based on Malbim to Mishlei 1:1) whereas Torah includes the stories and lessons and laws even when they are not applicable in life (ibid 3:1).

I hope this helps as a start!

Bivrachah,

Yishai Rasowsky