The difference between 300 and 350W is only 0.67dB which you will not be able to hear.
It's true that watts = watts. But two amps with the exact some power rating may not play at the same volume. The rating of an amp doesn't really necessarily tell you how loud it can play. It just says how many watts it's supposed to make at a certain distortion rating. This can be chosen in somewhat of an arbitrary manner.
Per the tech manual, vintage SVTs are supposed to make 300W at 3% THD, but it seems rare for SVTs to pass this standard. I believe Ampeg has changed the standard for modern SVTs to 300W at 5% THD. AFAIK the output section has not really been changed in a way that would degrade the power or distortion.
Here is a bench test for a SVT CL that shows ~240W at ~6% THD and ~340W at ~11% THD (see 10:06). Maybe it has crappy tubes as I believe SVTs typically make about 265-270W at 5%
I think most people report that an SVT sounds louder than a PF350...perhaps that says something about how these two amps overload. A PF350 should make 350W at 4 ohms, but it may not much more. As I have shown above, SVTs don't typically make their rated power/distortion spec, but they do make more power than they are rated for.
If you don't mind a bit of distortion, and SVT should make a bit more than 350W...however at some point as the distortion rises, you may actually notice the SPL going down instead of going up. This is because the power supply is sagging, so less voltage is delivered to the speakers. Explanation: Once the amp starts clipping, the increase in power comes from increasing the duty cycle instead of increasing the voltage...but the speaker needs more voltage to play louder.
Also, let's keep in mind, it's not a valid comparison unless both amps are driving the same type of speaker. If you are comparing a SVT pushing an 810E to a PF350 pushing a SVT-212AV, it's not a very fair comparison.
My Experience:
I own two vintage SVTs, and my GK 700RB which is rate at 380W at 4 ohms is noticeably louder. My Ashdown CTM300 also sounds slightly louder than my SVTs. My Trace Elliot V6, Reeves 400, and Ashdown 427 are even louder. My GK 700RB hangs pretty well with all of these amps.
Some of my more powerful solid state amps seem to be practically idling when my loudest tube amps are maxed out. By this time, the volume is way louder than I have ever needed; so it really doesn't matter. I can get the job done equally well with tube watts or solid state watts.