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trminatr has a very good point. Usually it is the watts you should worry about, not the THD. Most modern speakers/receivers have such a low THD that distortion is virtually undetactable. So I would lean towards 100W+ per channel for the receiver.
for the speakers, I highly recommend you take a look at JBL SCS150SI or NSP1II (but you need to add a subwoofer to that).
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