Yes, but it's not just supposed to sound loud, it's supposed to sound harsh and fatigueing, right? That's the part of my listening experience that parts with your theory. I play the system, I ease it up a bit at a time, enjoying the music, I listen, I get called away for a moment and mute the system, I come back in and unmute, and find I was playing the music very loud without realizing it. I was playing it too loud but it didn't seem too loud. This is the opposite of the experience you're describing. And if I can inadvertently find myself playing my system much louder than necessary, without experiencing any harshness, fatigue, irritation, why should I care what the decible level is?
I'm not saying you're wrong; the human ear is more sensitive to odd-order harmonics? OK. Enough odd-order harmonics will make audio seem louder, harsher and brighter? I believe you. Negative feedback can increase these harmonics to that irritating level? OK, but I've got a relatively inexpensive pair of powered speakers here that have completely avoided the problem. And I've had a handful SS (and tube) headphone systems in this house (some expensive, some that were pretty cheap) that completely avoided the probelm. So I'm afraid I'll have to conclude that it's not that much of a problem, certainly not one that is begging for a high-priced solution. YMMV.
Tim
If you measure the sound pressure level then you will know for sure. Until then its just speculation.