Important for home theater, but can be as large of a factor for much with high dynamic range like orchestral/classical.
Most speakers I see can handle no more than ~100W (+20dB), some budget ones can only handle 50W or even less.
Movies call for 105dB peaks at the listening seat.
I sit 12ft away, which is an ~8dB loss, but you have say 2dB of room gain for a bookshelf, so make that -6dB from the base sensitivity, if you have 85dB speakers, that makes it now 79dB, so to get +25dB you would need 400W, and that’s just assuming 8ohm, it we are talking 4ohm then that’s 800W. Again, that’s even if the speaker can handle that, which none do.