Whether the AVR-4311 CI has enough power for the B&W 703 or not depends on many factors including the following:
- your seating distance.
- your sound pressure level (SPL) requirement, for ref, watching a Star War movie in a cinema during the action scenes will be loud for most people, and the SPL should be about 85 dB average, 105 dB peak.
- the speaker's sensitivity.
- the speaker's impedance and phase angle characteristics.
- the speaker's power handling capability.
B&W 703 specs:
Nominal impedance - 8 Ohm, minimum 3 Ohm
Power handling - 200 W
Sensitivity - 90 dB/2.83V/m
AVR-4311CI power capability:
Audioholics.com did not test the heavier 4311 but they tested the AVR-4310, complete with measurements. I have no doubt the 4311's is as powerful as, if not slightly more, than the 4310.
https://www.audioholics.com/av-receiver-reviews/denon-avr-4310ci/avr-4310ci-measurements-and-analysis
Note the reviewer (Gene)'s comment on its power capability):
With the above information, you can find out easily to answer your own question using an online calculator such as the one linked below.
https://myhometheater.homestead.com/splcalculator.html