The real world output of those two receivers is probably even closer than the specs would suggest. I've found Onkyo to be a little optimistic on their ratings while Pioneer's lower models to overstate their power more, similar to Sony. For my 3 most recent customers I installed Onkyo receivers because they were the right price point and have given me good results. I installed a 502 (HTS780 HTiB), 601 and a 8011, and I felt they were all quite good for the $$$. Between the two listed, I'd go for the 503, but you might look around; with the 603 coming out, the 602 should be on clearance and you might be able to find a good deal on one on closeout.