Dear Raul,
You wrote, "well that's something that I too learned but that IMHO is not really true. Lewm, the most important watt(s) is/are those that are asked by the speakers and the amplifier can supply with accuracy in real time. Music is not " stady " but with huge dynamic demands over what you and me can imagine."
First, thanks for admitting that your Honest Opinion is only your honest opinion. As if. Second, those "huge dynamic demands" have to be contained in the envelope of the voltage output of the source component. If the source can only put out 2V, like most CD players and phono stages, then the input stage of the amplifier needs to be able to deal with 2V amplitude (at full volume) and never more than that. ALL the music is inside those 2V. What you are talking about is a situation where an amplifier has inadequate power to drive the speaker to the correct musical peaks. That is a problem of power, nothing to do with tubes vs transistors, and I have already said that if you want to use a low-impedance, inefficient, multi-driver speaker you should probably be looking to a solid-state solution. This has nothing to do with one technology being better than another. If the amp is capable, then those distortions on peaks also come about because of poorly designed speakers and drivers that fall apart sonically under stress. If you spend your life listening over and over again to the bombastic Telarc 1812, these issues will indeed plague you; I don't have that problem.
So let's be clear, I disagree. I believe that the best sounding amplifier, tube or SS will be one that has it's lowest distortion at it's lowest power output, such that distortion (we are talking THD) only increases as power demands increase. Of course, this should happen in a linear fashion and with as flat a slope of THD vs power output as possible.
There are several different iterations of First Watt amplifiers. Each has been designed based on a different approach. To say you dislike First Watt is meaningless; which one?
Further, you have not addressed my point about distortion in SS amplifiers when delivering power into a real world speaker with reactive rather than simple resistive characteristics. But lets also be clear that in my private audio decisions, I do not at all rule out SS amplifiers.