My 8watts 300B SET plays on not even horn and not even efficient speakers (marvelous 88dB XTZ Master M2 speakers to hear or have), and yet sounds loud enough. Imagine now with efficient speakers!!!'Sounds loud enough' is exactly the right term but for the wrong reason! The reason it 'sounds' loud enough is due to distortion. If you were to put the very same amp on a horn system, it would not 'sound' as loud until it was actually playing a lot louder, due to the fact that on a horn system there would be less distortion and so it would not 'sound' as loud.
This is because the ear converts distortion into tonality and in addition, uses higher ordered harmonics to calculate sound pressure. If the system has excessive higher ordered harmonics, it will 'sound' louder than it actually is. A sound pressure meter sorts this sort of thing out really quick! If you have excessive distortion, 90 db might 'sound' pretty loud since the ear's sense of sound pressure will be skewed; if the distortion is absent, 100 db (10x louder) might not sound any louder!

