Brian... your comments verify what I've thought about high audio quality and low wattage... they are NOT mutually exclusive. In other words, just having lots of watts doesn't automatically imply high audio quality.
His comments may validate your opinion, but they are not correct. Suggesting that there are few speakers requiring significant power to "open up" (whatever that means) is a meaningless statement.
Forget the generalities and the opinions. There are some fundamental physics that apply, and to make an informed decision about how much power you want/need, you should understand those fundamentals. First, there are two primary variables at play in determining how much power you need:
1. The sensitivity of the speakers you are using. Generally measured at 3 feet (or 1 meter), with one watt (or 2.83V of input). A speaker with a sensitivity rating of 88 will put out 88dB with one watt of input, three feet away.
2. The maximum loudness at which you will want to listen to your music, even if only on an occasional basis. I think you said earlier that 70dB sounds pretty loud to you...which is surprising, but each of us has a different tolerance for loudness. Over the years, I've found that most folks listen regularly at 75-85dB....which I think most people would categorize, approximately, as the low and high end of moderate loudness.
So let's assume that you want to be able to crank them up to 88dB at least once in a while. With one watt of output from your amp, using a pair of EPI 150's (sensitivity 87dB) you'll get somewhere around 83dB at a listening distance of 6-8 feet.
Therefore, you'll need almost 4 watts to get to 88dB (each 3dB change requires a doubling or halving of power). And then you'll need around 9-12dB of headroom to minimize clipping of transient peaks (and the distortion that comes with the clipping). This takes you to a requirement of 32-64 watts. Personally, I target a minimum of 12dB of headroom for peaks.
Note that 88dB is considered at the high end of "moderately loud" by most people. Want to crank it up a bit higher for that favorite Stones song? It takes 3dB to make a significant change in loudness, and as noted earlier, each 3dB requires a doubling of power. So, now your requirement is an amp capable of 64-128 watts!
Sure, with the right speakers and listening distance, 10 watts can be plenty of power. With different speakers and listening habits, 200 watts may not be nearly enough.
And at least in my experience, there are no conclusions you can draw about the quality of an amp based on its power rating. There are great 10 watt amps, and great 100 watt amps. However, it is always true that between two amps of equal quality, the one with more power will be more costly. The power supply and related components are among the most expensive elements of an amplifier.
So, you are absolutely correct in your assertion that low power output and sound quality are not mutually exclusive when it comes to amps. Hopefully, though, you now understand that just because this is true, it doesn't mean that power is "overblown" as an issue, or that quality is more important than quantity.
My suggestion is that you first focus on determining how much power you need, then focus on finding an amp that meets those needs while also satisfying your criteria for quality.
EDIT: To clearly address your original question...yes, it appears that you did the math correctly. But as whoaru pointed out, that is your average power requirement. You also need to account for peaks....as I noted above, 12dB is a good target. That will require an amp capable of 80 watts....40 if you drop down to 9dB.
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