I want to hear the truth too -- even if it hurts.
Perhaps there is a little bit of truth in all that has been said.
Some separates are better than some AV receivers, and some AV receivers are better than some separates.
Some external amps have a lot more power than AV receivers, but all that power will probably never be utilized or even reached.
I just read an old Audio Magazine article which reviewed the Acurus 200X3. We know that the power line is normally 120 V. But when 4-ohm loads were used, the power line went down to 104 V, so the maxium power output of 515 watts will never be reached.