Marakanetz, you can do it as you state with a less sensitive amp OR speakers. Going from 95db sensitive speakers to say 92db speakers will give your system less overall gain/volume.
I have LS-2 that had gain reduced by dealer. There is a jumper on the board that is replaced with a resistor. Gain is reduced by 12 db I believe. Do not know where in circuit they do this, contact dealer or ARC.
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