Paperw*- Nothing that you have said is incorrect but you have neglected the attenuation/gain (if active) provided by the pre-amp, which then is added to the gain of the amp. That can result in excessive overall system gain which results in the user having to operate his pre-amp w excessive attenuation which can have negative effects on the sound. The speaker/amp interface is not usually a decision based on max gain provided by the amp vs. speaker sensitivity, and room size, source output and volume preference all vary. Therefore, god in her infinite wisdom invented the pre-amplifier. Some have adjustable gain for each input. Some do not. Some are passive and provide attenuation only. some are active and have varying amounts of gain. Some of have stepped attenuators and some do not. Some have tape loops and some do not. Some have line and phono stages. some of those w phono stages can accommodate LO MC carts, some only MM or MI carts. Not all line level sources have the same output voltage (some CD players can deliver 2V!) The ability to alter the overall gain/attentuation of a pre-amp may be vital under some circumstances. IN fact some manufacturers have recognized this by incorporating separate gain controls via front or rear panel toggle switches (e.g., Supratek); front panel rotary controls (e.g., Joule), internal dip switches/jumpers (e.g., Nagra) or internal resistors that are designed to be switched out or bypassed (some ARC).
I for one cannot imagine that sensitivity would be the primary criterion I would use to pick a speaker. Of course, that does not mean that you don't need to make sure that you don't get a serious mismatch between speaker and amp but I don't think that you are going to go w a 84 db/w/m speaker instead of a 92 dB/w/m just to provide proper volume control.
Again, this also assumes that you have a reasonable match btwn amp and pre-amp based on impedance and input sensitivity. Just my opinion; worth the proverbial $0.02. IME, YMMV, do not try at home, professional driver on closed course, LSMFT, etc, etc. ;~)
I for one cannot imagine that sensitivity would be the primary criterion I would use to pick a speaker. Of course, that does not mean that you don't need to make sure that you don't get a serious mismatch between speaker and amp but I don't think that you are going to go w a 84 db/w/m speaker instead of a 92 dB/w/m just to provide proper volume control.
Again, this also assumes that you have a reasonable match btwn amp and pre-amp based on impedance and input sensitivity. Just my opinion; worth the proverbial $0.02. IME, YMMV, do not try at home, professional driver on closed course, LSMFT, etc, etc. ;~)