No you are not missing anything. You can get to a fairly high static output with a low powered amp on a less efficient speaker .....playing a sine wave. Music is not static. It is very dynamic. Peaks can require 10 times the output or more. Thus at volume the amp is clipping all the time and the sound is pathetic. If you only listen at very low levels it will work. I love string quartets but I could never spend my whole life listening only to them. Replace the amp with a very powerful one, 200+ watts/ch and music flows out of the speaker in an effortless and dynamic fashion. For low powered amps you have to stick with very efficient speakers but IMHO anything less than 30 watts/ch is a waste of time. Unless you only listen to string quartets. You can get SET amps this powerful if you feel the need. They are also stupid money. For less you can get Parasound JC1+'s which is like comparing an old Jenny to an F22 Raptor.
how can low watt tube amps drive speakers with higher power requirements
I am new to hifi and I am super confused about something. Most audio blogs out there ask newbies to stick to amps that output power within the recommended range of the speaker manufacturers. However, on forums, blogs and even some magazine articles, I find pros reviewing tube amps with much lower output power (even in some cases 10-30W below the speaker specs) and find no problems. How can these low power tube amp drive these speakers? For example, the LS 50 metas spec sheet says "Recommended amp power: 40W - 100W) but I have seen posts here and on other forums where people will hook these up to tube amps producing as low as 12W of power at 8 ohms. Am I missing something?