So if its not clear- the difference in tube and transistor watts has to do with distortion- generally speaking tubes have more distortion, but most of that is lower order which the human ear/brain system does not care about. Transistors tend to have more higher ordered odd harmonics, and while in only trace amounts (100ths of a percent) these are the harmonics that the ear/brain system used to detect loudness, so the human ear is very sensitive to them.
The result is that a tube amp may have a higher percentage of usable power, even though it has less overall power.
In the case of clipping, a tube amp will seem to compress dynamics slightly before audible clipping occurs. With transistors the clipping characteristic is very audible and instantaneous. This is why guitar players, who overdrive their amps on a routine basis, prefer tube amps. In fact, it is the guitar amplifier business that drives tube availability, not high end audio!
The result is that a tube amp may have a higher percentage of usable power, even though it has less overall power.
In the case of clipping, a tube amp will seem to compress dynamics slightly before audible clipping occurs. With transistors the clipping characteristic is very audible and instantaneous. This is why guitar players, who overdrive their amps on a routine basis, prefer tube amps. In fact, it is the guitar amplifier business that drives tube availability, not high end audio!