Hello Keith
I think you misunderstand why you would want a system that is capable of such high SPL peaks. First off you are not tuning the system for 120dB peaks. All you are doing is providing enough power reserves to be able hit those peaks clean if the need arrises. Clean is the key. You want to be able to do this without the amps clipping. If they clip it's all for naught as you can hear the power compression and it doesn't sound natural.
The whole point is for the system to sound unrestrained and remain effortless at any reasonable SPL level. The only way to get there IMHO is to overdesign/overpower which is more in line with your statement that more power is better. It sure helps if you have high sensitivity speakers. My mains are 98db@ 1 meter so it's not that much of a stretch for me to get there.
The other issue is what part of the spectrum are those peaks in. I can hit 120Db peaks using my subwoofers in my HT. I typically don't go there and purposely listen below Reference Level to avoid issues with my hearing. Just becasue you have a system or design a system that is capable of ear damaging SPL's doesn't mean you don't understand the dangers and are not proactive to avoid them.
Rob
Rob- thanks for the response. I used to tune my HT for THX standards, that is what i meant---and it was way too loud (10dbs as i recall at least). 120dbs is too loud for peaks as we both seem to agree, even in HT.
I will take a db meter (on my ipad) and check my average listening levels this weekend---i encourage others to do the same. my bet is a lot lower spls are typically used.