Yep, basically how many dB per Watts SPL the speaker would put-out, taking into consideration how the load-impedance varies with frequency, speaker cab resonances, and the frequency response of the speakers, you're quite right, I forgot that each of the 20 450W amps were stereo so 450W per stereo channel.
So, a speaker that has an efficiency of say 105dB/W is going to be more efficient, and sound louder, than a similarly specced speaker with an efficiency rating of say 75dB/W, because it is more efficient at converting the electrical power (energy) output of the amp into acoustic power (energy).







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