True, but, at the same time, people mostly don't realise how much power is actually needed to represent transients. Which can become a quite hairy affair into reactive loads.
Roberto
In the realm of home theatre, the recordings are based on a peak headroom of 20db - so one can play safe by providing 25db of headroom - but that still results in a peak SPL of only 100db for a typical domestic environment average SPL of 75db....
With an 86db @1Wm speaker - that means circa 0.25W for 74db (@3m) continuous, and 128W for 101db (with excess headroom of 5db) - actual peak would be 95db which is achieved at 32W
So in theory, assuming that you listen at 75db average (from a single speaker - I have not calculated the impact of multiple simultaneous speakers - which substantially reduces the required power per speaker in actual use!- and note that my typical average SPL is 72db - which halves the power requirements!)
What you actually need is an amp capable of circa 1W into whatever load your speaker provides, and 32W peak / dynamic capability...
If you want additional margin ... 128W peak provides for 25db dynamic peaks.
Having said that, some of the more excessive "bass heads" in our community target 130db SPL peaks for their bass... and it is worth noting that on an 86db/wm speaker, 130db would require circa 65,000W - so obviously if such SPL's are desired, it will require subs with substantially higher efficiencies and / or a multitude of subs to aggregate to the required SPL's.
From my own experience and my own power utilisation measurements... I don't believe my setup has ever used more than 16W peak
note: my speakers are reactive with a capacitive tweeter, and impedance dropping down to 1.63ohm - amps that are unstable into that kind of load are audibly impacted, and immediately identifiable... the amps need not be overly powerful - although I have used Crown XLS2500's for some years - but much less powerful amps have shown themselves to be audibly identical to the very powerful crowns... such as Quad 606/707 - but those amps are "unconditionally stable into any load" as per specs!
So yes reactive loads have an impact, and powerhouse amps often can handle those reactive loads (and are specified down to 1ohm) - but there are also less powerful amps that can handle reactive loads without any trouble.