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When it's said this amp "punches above it's weight class" are they referring to its bass punch? Or is it just a saying, meaning it's good in general?
To be honest, every audio product these days 'punches above it's weight class' - it's meant to imply that it's the equivalent of more expensive products, but when everything does this, the phrase has no meaning.
While quite a few audiophile products these day do "punch above it's weight class", keep in mind that technology improves or prices fall, the goalposts or "weight class" moves as well. For example, the O2 outperformed it's price tier, but now it's not that special. This is merely the byproduct of what was once a niche hobby expanding more and more into the general consumer market as things become more and more affordable.