I have no idea why QSC and others use such a wildly overrated amp for the HF's.
Though the actual amp connected to the horn may actually be capable of producing that power, chances are it's being throttled back with limiters. ...
No, it's being "throttled back" with a controller that keeps the highs in line with the overall volume. The limiters in the controller only kick in when the overall volume level hits the threshold set in the controller.
If they were "throttling back" the highs using limiters the sound would be horrible, very bright at lower levels. The K-series sounds good at just about all levels because of the controllers.
I set up a club with a pair of K12's and a KSUB just over three years ago, they've been running constantly with background music during open hours and live bands at shows 6-7 days a week. One amp had a fault in the first year, QSC replaced it and they've been working perfectly since.
However they go about stating their wattage vs. reality is kind of unimportant to me - they sound great, are work-horses, are affordable for the quality, and they have a 6-year factory warranty.
Wattage is much more important when I'm dealing with passive speakers & crossovers - for powered digital speakers I'm happy to ignore ratings & go with what is appropriate for the situation.