Couple extra comments:
My description of how the power supply works is not 100% completely correct. However, it was meant to give a "general idea" to those who don’t know.
Any sort of DC in a waveform is not good. The preamp and amplifier will still use "power/watts" to raise the voltage to the correct level and KEEP that voltage level. However, any sort of DC in the waveform means the speaker is NOT moving! Speakers only react to "changes in voltage". So, if there is DC in the waveform (even if it’s in tiny chunks and only makes up 50% of the waveform), then we will NOT hear it.
If there is still 50% DC in the waveforms, then the sound will indeed be about 3 db quieter. (essentially, half the power is being used to move the speaker - the other half of the power is used to keep DC at a particular voltage).
Also, changing the direction of the fuse could affect how the power supply does the "initial response to draw" from the A/C.