In my opinion, the problem is this:
Amplifiers operate on gain, they don't regulate the power being output.
Let's say you have a 1000 watt amp, you drive it with a signal that puts out exactly 500 watts (into your speakers rated 500 watts) with the volume knob turned to 1/2 of max (lets say the knob went to 10, you turned it on 5).
In the case of a PA, the signal from the mixer's main outs would be the signal driving the power amp. All is well and good....for now!
But suppose the signal from the PA suddenly got much stronger, say some idiot unplugged his guitar. POP-thump-BUZZ for a few seconds, very loud. Or the singer cups their hand over the mic and feedback galore strikes!!! Or somebody bumps the master fader up full. Now the amp's settings haven't been changed--nobody's touched the volume knob, it's still on 5--but the input signal to the amp has suddenly gotten much much stronger. The amp will merrily multiply this stronger signal by the same amount of gain, and instead of 500 watts, it's pumping out a full 1000 watts (this could still be clean, without clipping!). The volume knob is still on 5, but the amp is going all out. Since tweeters and horns don't cope well with weird noises like feedback or unplugged guitar cords at high power levels, this can be very bad. Clipping is not the issue here, it's overpowering the speaker.
For monitor use in a studio, or driving massive subwoofers or bass cabs, this situation may be rare, there shouldn't be mic feedback in your bass cab. And studio engineers can keep a pretty good tab on things, so the 2-to-1 ratio (amp to speaker) may not be a problem.
But for general PA use, where there's lots of opportunities for screwing up, I support the 1 to 1 theory (amp matches speaker).
Ultimately, though, I think the issue really goes back one level deeper. Instead of randomly buying a speaker (whether bass or PA) then deciding how much power they can "overdrive" the speaker with, I think most people would be better off if they determine how much sound volume they really need first. Then buy an amp with enough headroom to supply that volume along with speakers that can handle the full power output of the amp. This gives headroom for the amp as well as headroom for the speakers.
Other people obviously prefer a different philosophy, but I'm more conservative with my approach. For people that may not be used to running a PA, I believe conservative=good. For those people who like to run with much more power, that's their preference, I'm not preaching to them or insisting they're wrong, after all it's their equipment and their situation.
However, since there isn't always a "one size fits all" approach when matching speaker and amp ratings, it's my opinion that just throwing out a statement like "buy twice the speaker's rating" could get a beginner into a bad situation.