In reply to our esteemed Mr. Rothwell,
"The efficiency of the speakers is irrelevant. The tubes in a tube phonostage are before the volume control, therefore any tube hiss in the phonostage is attenuated by the volume control. With more efficient speakers the volume control is turned down for the same SPL, hence tube hiss is no louder than with less efficient speakers."
Correct me if I'm wrong, but my presumption is that a front end of a modern op-amp or selected discrete solid solid state devices should have lower noise than an ECC83S or 12AX7 tube front end at the same gain. Hence the SNR of a solid state phono pre-amp would be better (higher) than a tube pre-amp at the same gain to the output.
My current tube Luxman CL-38uC looks like a 60+ dB SNR at output with a low MC input while the Schiit Skoll phono pre-amp with discrete JFETs, even at 70dB gain claims over 70 dB. The Luxman has internal transformers for the MC input. Not quite apples-to-apples, but suggestive that tubes are noisier. Once the signal is made noisy BEFORE the volume control, I know of no way to de-noise it from further amplification.
High efficiency speakers in my experience are more prone to presenting noise through the tweeter for any giving input.