Would McIntosh Auto Transformers affect speaker sound?

I have a question about McIntosh and its auto transformers. The auto transformers allow the wattage to be the same on all ohms. However, you have to pick which ohm to run on the amp to the speaker.

Since a speaker can be dynamic in ohms (dip between 8 ohms and 4 ohms typically), does this mean the McIntosh will not correctly match the dynamic range change? Would it cause the speaker not to give the same soundstage or holographic sound that a traditional amp would give?