Yes, assuming the amplifier is capable of reaching 70v.Well yes. A 100w amplifier with a 70 volt output will deliver 70 volts across a 50 ohm load or more. A 100w amplifier with an 8 ohm output connected to the proper transformer (8:50) should deliver the same 70 volts at 100 watts, again across a 50 ohm load or more. So the amplifier would not need to deliver 70 volts, but as you say only about 28 volts at 100 watts. This is actually the way most constant voltage amplifiers operate. They use a transformer to produce the 70.7 or 100 volt output but they are also designed for it.
If you have a "consumer" or "pro" piece that is only rated at 100w@8ohms then the max rail voltage is only about 28v. If you try to tap off multiple 70v speakers for a total of 100w you will load the amp down past its rating.No, not true. You will be putting a 50 ohm load on that 8 ohm output. Of course you will only be supplying about 16 watts to all of your speakers. The amplifier and speakers will operate quite happily though, assuming that's what you want.
Keep in mind also that consumer gear is not held to the same testing standards as commercial gear. The output power of consumer amps is usually hype. So that instruction book wattage you think you are getting could be much less. If you hang a transformer off the output and use it to feed a constant voltage system based on that assumed power output you may very well wind up overloading it.
-Hal