I know you know the math.

My point is, while it is true that the rated output of most receivers could drop to only a few watts if matched with hard to drive speakers, it does not apply to amps like that Denon. If that Denon can in fact deliver almost 400W into 1 ohm, it would still have enough left (for the average H.T. rooms) for loads that present large phase angles, even if such phase angle peaks occur coincidentally with the impedance dips. Unless such large phase angles are near 90 degrees and span over a more than insignificant bandwidth but if such speakers exist I would avoid them even if they are free..