If you use the 4 ohm tap on an amplifier with a speaker of higher impedance, the output transformer will be inadequately loaded, and so it will express less of its winding ratio and more of its inter-winding capacitance. This can result in the amplifier no longer having flat frequency response. In addition, the transformer can 'ring' if inadequately loaded, which is another way of saying that it will distort.
The Merlin is an 8 ohm load, with a dip to 6 ohms or so. Its a benign load and an amplifier with an output transformer, if the transformer is designed properly, will likely work best on the 8 ohm tap. This will minimize the artifact of the transformer.