vwinterr,
You got the normal "urban legend" type of responses. A watt is a watt, so disregard statements like 45 HK watts are like 75 Japanese brand watts. The truth lies solely in how the receivers are rated.
HK rates their receivers with all channels driven. They specify the number of watts that each amplifier can produce even when all amplifiers are active at the same time.
Other brands, rate their receivers with two channels driven. A 75 watt Onkyo, Yamaha, Denon, etc will produce 75 watts or more when two channels are driven. Thus if you were driving 2 channels of an HK amp rated at 45wpc and compared its output to 2 channels driven of say, a Yamaha, the Yamaha will indeed put out more power (However the diff between 45 wpc and 75 wpc is less than 2dB; ie barely noticeable).
There is alot of debate over whether its better to be 'conservative' like HK or use the old method of 2 channels driven like all the others. Read the recent articles on this site about Receiver power ratings and the all channels driven controversey for more insight.
The short story is that no music will ever drive all channels simultaneously and wpc ratings are the least of your worries. HK makes fine receivers. If the model you are considering has the all the features and looks you want, get it. 45 watts is enough to drive reasonably efficient speakers in a small to medium room to ear bleeding levels.