Ya got me18.2 with no accounting for board inefficiency, right? If you assume 10%, then it's just over 20.
Due to the lack of good failure data I think your question is more a matter of philosophy than science. I think actually running at 175W is bordering on an extreme sport. Well, really I think anything over 100W is an extreme sport. In an extreme sport, the participants are not looking for 100% safety or anything near it. They spend a good part of their time rationalizing the risks they take. I actually have some experience with that. The difference is that I at least knew I was participating in extreme sports, but today's cloud chasers pushing well past 100W don't acknowledge it.
If you look at it as an extreme sport then the questions change dramatically, as well as the risk assessment.
These are purely my personal opinions. If someone thinks 200W is mainstream, best of luck to him/her.