I don't think it is something that needs to be configurable. The output from the MX135 is going to vary according to the volume and/or trim controls
as well as the incoming signal. When the input (or preamp output) reaches 4V, the 402 should theoretically output 400W. When you change the source, e.g. from CD input to phono input, you will likely have to re-adjust the volume in order to get back to your preferred listening level.
Thanks for the info about the meter reading. I am not surprises it only hit 40 for you so far. I don't have build in meters on my gear, but using external meters I saw up to the 60 to 80 (calculated) when listening to music in stereo mode at average SPLs of 85 to 95 dB from 12 ft. So I know I have more power than I need to avoid clippings. In your case McIntosh has the 'Power Guard' system that claims to prevent clipping altogether. It is hard to convince people while more power is better, it is only going to make a diference if your speakers need that extra power, and that it is mostly for the peaks. Regardless, people still think their speakers sound better even at lower level with a more power. To me if they notice the difference it would be because of the better quality amp, not because of the extra power that are not called for. Anyway, with what you have now you can ignore any such talks, knowing that you have all bases cover. Now you only have to upgrade your speakers, to get the best out of your dream class electronics. Of course I mean potentially only, no pun intended, I am sure you have nice speakers already.......