I raised the issue of light loading as a general proposition on Audiogon. Ralph Karsten of Atma-sphere said:
03-02-11: Atmasphere
If you use the 4 ohm tap on an amplifier with a speaker of higher impedance, the output transformer will be inadequately loaded, and so it will express less of its winding ratio and more of its inter-winding capacitance. This can result in the amplifier no longer having flat frequency response. In addition, the transformer can 'ring' if inadequately loaded, which is another way of saying that it will distort.
The Merlin is an 8 ohm load, with a dip to 6 ohms or so. Its a benign load and an amplifier with an output transformer, if the transformer is designed properly, will likely work best on the 8 ohm tap. This will minimize the artifact of the transformer.
He then followed up with regard to the RM10, suggesting that his general comments might not apply to the RM10 with regard to the light loading principle:
03-03-11: Atmasphere
I suspect that Roger has a really robust driver circuit in the RM-10. IOW, its probably a class AB2 circuit.
Depending on the way the transformer is spec'ed out, I could see a loss of 50% or a loss of 20% of power if you 'light load' the amp. We build a guitar amp that uses a pair of 2A3s in push pull for about 16 watts (and is otherwise a clean version of the Marshall Plexi for you guitar nuts); loading on the amp has to be correct for the amp to make full power.
I don't have any problem with anything I have read here or on the other thread so far (I just geek out on it is all...). There are a lot of variables in an amplifier design, the transformer being a rather obvious one. But I have found that just because one designer says you can't do it is no panacea for it not being possible

So, if light loading makes sense, it it generally true, or true for Roger's amps?