1. There are two drawbacks...one is if you're a dope, you could easily blow a 410 with 750w, even if they tell you that you won't (easily preventable if you have a little common sense, though). The second is if you like distortion...GK has a "grind" feature and it's easier to get it out of the lower wattage heads.
2. Make no mistake...in a decent sized cab, 480w will rip your head off and get you fired from most venues. In 35 years of playing professionally, including many arena and stadium gigs, I have never needed more than that, and have done quite well with much less most of the time. For all practical purposes, 700w will not be much louder, if at all. Consider that you need 10x your current wattage to be twice as loud using the same cab. 700w to 480w is less than .5x. That said, some folks really like a lot of headroom so they can play loud enough to get their band fired and never distort at all (go figure), so they go for the higher wattage.
+1 I agree with everything Jimmy has posted here! Very well said sir!
