... in the rare case where the recording is much louder in one channel or the other a single much more powerful transformer can handle the spike much easier than one smaller of two transformers can.
Sorry, but that doesn’t make sense. Amplifiers are specified using a specific frequency range (typically, at least 20 Hz to 20kHz), at a specific maximum distortion level, with both channels driven. If in your example the amp cannot deliver rated power to the one channel, then it is not meeting spec. One channel doesn’t magically acquire more headroom simply because the other channel is loafing along - maximum output is determined not only by the amplifier’s power supply, but also by its output devices.