I think that no distortion at high volume is a sign of a good system. So, I think the Title of this post is accurate.
It could sound equally as good at low volume.
Define high vs low?
Any time I hear music played at super high volume, to give you that concert feeling, I find that the sound quality at concerts ( especially rock ) is terrible. Sound quality from recorded music in the studio sounds better to me than live, unless the concert hall has great acoustics. I have heard some great music live, at Hughes Room, in Toronto, Al Stewart for example. Not played very loud, abnormal for a live performance in my experience. Most 'live' performances crank it up..

