It is not just the wattage, but the freq applied that will reach the mechanical limits of the loudspeaker. A different freq with more level may not do any mechanical damage to the driver.
Of course if you try and run low freq into it at a lower level you can also cause mechanical damage due to fact that at the freq applied the horn no onger has control over the driver. High Pass filters are ESSENTIAL!
Again, as in all cases, it is not an easy answer. It is freq along with level that can cause mechanical damage and level combined with time that can cause thermal damage and of course any combination of the above
I agree with Jeff, if you are flirting that close to the limits, THINGS will happen-no matter what the "Spec" says.