For all intents and purposes the "Continuous power output: 20W/20W rms at 0.3% THD"
is the most legitimate. To be totally legit it should include the bandwidth (from 40 - 20,000 Hz for example), an impedance (typically 8 ohms), and would be driving both channels simultaneously. It should all be included in the power spec. Bandwidth as a separate spec may not be the same.
Peak power in a stereo amp is Very Important. The IHF spec is a peak rating, but unfortunately it is only measured over 10 - 20 Ms. Short term peak power sustained for 200 Ms would be more useful, but is seldom mentioned. It is the peak power of one amp that makes it sound much more powerful than it's RMS rating would suggest. Large power supplies and plenty of heat sinking relative to its output in a class A/B amp are an indicator of such reserves.
It should be enough to drive those PSB T5's to satisfying SPL's without clipping for the most part. If your trying to impress your friends with how loud those speakers will go, then you might want 50 - 100 wpc. Myself, I seldom use more that 10 wpc with speakers of comparable sensitivity, and they play plenty loud then.
A word of caution: If you are using the tone controls to add bass or treble, back them off to neutral before running the amp near full power. Adding 6 db's of bass would require about 80 wpc instead of 20. Loudness is best used at lower volumes, and should be turned off at higher volume. Often loudness is linked to the volume control, so as we approach full power, the loudness compensation is reduced to 0. But I wouldn't test it.