There were changes made by the FTC in 1974 to tighten up power ratings
Basically, they did away with exaggerated power ratings (peak, PMPO, IHF, etc...) on consumer products for home stereos. Car audio and boom boxes were exempt. Remember those boom boxes or dash mounted car stereos that advertised 200 watts?
Now, I'm working from memory here so cut me a little slack.
It stated a preconditioning period (20 minutes?) running at (half power?) and a time for which the unit had to maintain a certain power level, distortion rating, and bandwidth over which it maintained these two in order to advertise that number. The bandwidth and distortion levels must be shown with the advertised power rating in order to advertise that power figure.
Basically, a lot of 70 watt amps suddenly became 40 units. Both the Dynaco SCA-35 and my widdle Fisher 200T were among them. Both went from IHF to RMS and lost advertising watts power, but not "real world" performance.
When multi-channel came along, since they were not "technically" home stereo units, it was the wild, wild west all over again.
I did a quick search for the 1974 FTC regs on this but it's late and I'm tired, but I did stumble across this which you might find interesting. This sorta updates that a little.
http://www.soundandvisionmag.com/tips/2250/the-amplifier-power-ratings-game.html
If you only want to use the two power amps for a HT system it will more than hold it's own over similar (and probably considerably higher) rated amps in current receivers
Like I sugested before, if you want a kickin' first class stereo unit, it might behoove you to get this one tuned up and aligned. You'll not match that FM performance today and the amps in that thing bow to no-one. I still use my 2270 daily with a pair of JBL L-26's and people are amazed at these things. ...and all I've ever had done to it is had FM aligned 5 years ago.
But, if you really don't want it, i'll be glad to do you a favor and remove it from your sight.