Wow...who knew that a "which amp with which cab" thing could turn into all this stuff???
Um...yeah...if clipped waves hurt things...synthesysers(sp?) would not exist....therefore, the '80's would not exist. Believe you me, they existed. May've not been all that great but they existed...I know...I was there...witnessed it first hand.
If clipped waveforms killed stuff, rock-n-roll would not exist.....pretty sure we can all agree that certainly exists.
Speakers can be damaged in 2 ways and only 2 ways (aside from acts of God or human stupidity). That is electrically (thermally in most cases), or mechanically....they are electro-mechanical devices after all. Doesn't matter what you put into them, death will come from 1 of those 2 sources.
Some folks also seem to repeat the Xmax mantra. Exceeding Xmax will NOT kill a speaker, no how, no way. (With notable exception to drivers who's mechanical limits are their thermal limits, which are few and far between, and in a practical sense, may not always be viewed as a good thing, ie: no audible warning). Exceeding Xlim (mechanical limits) certainly will. Xmax is defined as 10% distortion...ie: beyond which the speaker can produce no more low frequency although mids/highs may still get louder. Any additional power applied in the lows must be burned off as heat. Again, that isn't the overall "limits" of the speaker.....if it was...again...rock-n-roll would not exist. I'm pretty sure we can all agree that it certainly does.