I am not sure about the capability to handle a certain input power, but the idea behind converters like this is that they strip out the power from the receiver and give you the kind of voltage needed to drive the amp. This is the same thing that is found in subwoofers that have speaker level inputs - the internal amp is doing the work, not the receiver. So the receiver's power goes nowhere; the external amp is getting signal only and the amp is doing the work.
For more power, you could get 2 A500s and bridge each one for a total of around 500w each. Or move up the Behringer line and look at the EP1500 or EP2500, though these might add yet another connection issue to the equation as they don't accept RCA I believe, but the 1500 would give you 260W@8 Ohms.
How long have you had the 606? Is it still in the period in which you can exchange it for a 706? That would likely be a better way to go in terms of having the preamp outs. I know that isn't exactly the easiest road either though, from what it sounds like.