Well, the specs say:
Output noise ..................................... Noise floor typical -135dBV, 20-22kHz
SNR ...................... > 93dB (20-22kHz) both ch driven @ 1kHz / 4Vrms (No weighting filter)
I gather the latter is the noise summed over the complete spectrum, plus THD components from the 1kHz input. This seems like a disadvantageous way of specifying it.
For power amps, your argument leads to the conclusion that 1 Watt is just as arbitrary and meaningless a reference as full power, given the widely difference sensitivity in speakers.
Still, again I see your point. My counter point would that, somehow, reducing it to these figures doesn't quite make sense. After all, since lots of speakers will easily generate 1% THD, then it doesn't matter if our amps do either. I dunno, something's not addingup here

J