Clipping is the effect on the sine wave. This means the tops of the sine waves are clipped off. With solid state, it clips them evenly. With tubes, it compresses the peaks until they are flat, rather than cutting them off. That is why they sound different.
Saturation is what happens to the component, whether be it a transistor or a tube, when an increase in input current fails to produce an increase in current at its output.
Clipping and saturation are two very different things, technically.
Very true, Also SS amps clip with even harmonics, this is rather displeasing to the ears much as playing a root, second, four, and six is over a major chord. Tube saturation produces odd harmonics. I think most would find thats much more ear pleasing.
Also 300W is not a lot of power with a loud rock band. You may be able to help the situation with EQ. Cut the low end and boost the low mids. It may not sound great soloed, but it will blend with the bass drum better and low mids don't require as much power to produce as the thumping ultra lows. If your guitar players playing with a real bass heavy sound and a marshall stack, your going to need 500 watts minimum into 4 ohms to keep up with him.