All I need is my "300 watt" SVT CL! 
Better to have it and not need it, than need it and not have it.
Better to have it and not need it, than need it and not have it.
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Having too much power is never a bad thing.
Not having enough is the Worst. Thing. Ever.
I toured extensively with a GK400RB into two homemade EV 15s. From small clubs, to big ones, to outdoor festival type things. Never, ever had an issue (we were a sometimes quite loud rock band, deaf guitarists and what not). I sold that rig a long time ago when I moved to Brooklyn--thinking I wasn't likely to be in a band anymore. When I did get into a band situation and had to buy anew, I remember coming on here and seeing all the wattage-lust. I had to laugh. I wound up buying an iAMP350 and an Aggie GS112 and marveling at the volume. Fair disclosure, I've since added an Aggie S210. This set-up is louder than my old one. In a live situation, what my band struggled with, and what I think a lot of rock bands struggle with, was keeping stage volumes low (when there was a PA). Low stage volumes result in much much better venue sound in my opinion.
If you are fortunate enough to play w/ musicians who can control their volume I think 100 watts is enough.
That is my experience as well. Of course 100 watts have to be into a reasonable cabinet, but 100-150 watts into a single 15" with midrange carries my stage/rehearsal volume in a 4 piece rock band, as well as all of my lower volume gigs.
Funny I had a similar thread/question in another forum. Personally, I don't see why for small to medium sized clubs all this wattage s/b necessary. Having grown up during the 60's we played hundreds of gigs with our Bassman 50 or Dual Showman's. The Acoustic 360 was a mere 200 watts and we thought it was crushingly loud. I saw Cream play a baseball stadium in 1968 and Jack Bruce was using 2 Marshall 100's - I guess he would be cheesy-weenie too.
If you are fortunate enough to play w/ musicians who can control their volume I think 100 watts is enough.
I saw Cream play a baseball stadium in 1968 and Jack Bruce was using 2 Marshall 100's - I guess he would be cheesy-weenie too.

I betcha if Jack Bruce had the opportunity to play through some of the rigs available today back in 1968 he would have been all over it.
When we talk of "headroom" one of the benfits that is not often talked about is the accompanying dynamic response or, the ability of the amp to go from really quiet to really loud in the course of a song.