Watts - apples to radishes. We are about where we were for years before the Feds got involved. Back then power ratings depended on how imaginative an engineer could be and today we are back there. In the early '70s or late '60s, the Feds were fed up with advertising that at best could be misleading, though not false. Companies had standards from rms, IHF, music power peak and even peak to peak. Then it also depended on the frequency response, and distortion. Also, depended on the effects of having 2 amps working off the power supply.
The FTC, finally mandated that music system audio amps had to be advertised showing the rms power rating into each impedence advertised using any other power rating systems. The rms measurement required pre-conditioning and across the audio band. You began to see some interesting specs as the advertised rating had to be balanced against the distortion at the rated power. Hence maybe a company could have an added 1 or 2 watts at 1% then at the lower rating at .05% but, advertising 1% distortion would be death. Also, a new term started to come into play, headroom. Not totally define as a standard but more or less the difference between the rms and the point where a signal actually clipped.
Somehow manufacturers are now getting around the FTC requirements by classing equipment other than audio, i.e. HT and Washington no longer has the will to enforce the mandate. So we have come full circle and what you see today for most stuff is as confusing as it was not long before FTC.
Come to think of it, the tube era seemed not to have as many confusing power definitions as the early SS units.