A couple things
1) Although it's use is a cult favorite here, the use of the invented term "phool" reflects badly on those that use it.
2) Yes, watts are watts. My preference, my bias prefers to keep good equipment paired with good equipment. You can use an Emotiva XPA-DR2 or a McIntosh MC 462. I don't care but if I can afford it, I am buy the McIntosh for speakers of that quality.
3) The terms mid-fi and high-fi refer to price points. Relax.
The thing is you and I pretty much agree on audio. Where we part ways is that I understand why some prefer owning more expensive gear and you prefer to sneer at that.