Point well taken, but I was specifically talking about
bass frequencies, which if you look at the
Flecher-Munsion curves, reveal that the ear is far less sensitive at low frequencies than at higher frequencies. A bass drum or synthesizer note at >100dB is far, far less intrusive to the ear as that same SPL at 1kHz.
And it is those bass frequencies which eat up the watts, whether your ears perceive it as 'loudness' or not.
Point being, those very low frequencies are far more demanding of power for a given perception of level by the ear, and consequently can eat up relatively large amounts of power, even with very sensitive speaker, such as my 101dB/w low frequency horns.
Obviously this depends on the music you listen to - if you listen to string quartets exclusively, none of this matters, but if you listen to digitally recorded orchestral music with significant low frequency content or electronic music with no limitation on low frequencies, then it matters a lot.
Either way, if you are using a 7 watt SET on a speaker with a passive crossover, you ARE going to encounter high amounts of distortion on demanding bass passages. Woofers simply are harder to drive, efficient or not, horn or not. Look at my profile picture of my speakers - they are efficient as hell, but still a 40 watt amplifier on the low frequency horns is mandatory.