Pcoombs, since you are apparently using a balanced connection between the Wadia player and the Nagra power amp, an additional point that occurs to me is that on occasion I've seen inconsistencies between different manufacturers with respect to how balanced signal amplitudes are defined. For instance, if the output of the Wadia is defined based on the maximum voltage of EACH signal in the balanced signal pair, and if the input sensitivity of the Nagra is defined based on the instantaneous DIFFERENCE between the voltages of the two signals (which is what the receiving circuitry in the amp responds to), there would be a 6 db (four-fold) increase in the power capability that the numbers would seem to suggest. So it is conceivable that you might presently have 25W capability.
Re the 75% recommendation, that MIGHT be overly conservative, given that the player's internal resolution is 21 bits, and the resolution of the source material is 16 bits. Each bit contributes 6 db of resolution, so the 5 bit margin corresponds to 30 db. Turning the control down to 75%, i.e., by 25 steps of 0.5 db each, results in attenuation of 12.5 db, which means that only about 2 bits out of the 5 bit margin are discarded. Although other factors in the design might result in a greater sonic impact than those theoretically-based numbers would suggest.
Also, if you haven't already, see this
Wadia paper.
Regards,
-- Al