Am I hurting my speakers?

Your probably fine...the difference between 40w and 50w is nominal...these are only manufacturer's "guidelines"...if u listened at high volumes that might be an issue...but like you mentioned...it sounds good...contrary to what many think...normal low-level listening takes very little power...often under 10 watts...it is only for very dynamic music at higher volume that requires more juice...or speakers that are very inefficient(to obtain reasonable SPLs)..happy listening

To give you a further idea how watts per channel compare on paper: To have an amplifier that will play twice as loud as your 40 watt amp; you won't need 80 watts, you will actually need 400 watts.

I can't say. What music do you listen to? ; )

Well I listen to rock and jazz. And someties a like to get on it somewhat, but rarely more than 60% of my volume dial.

Would I hear it clip or not?

If your not hearing it now..dont worry about it...and yes...when Solid state clips...u would hear it...