Yes, I think that is the case. Anyway, I sold it a while back, and now using the 732-A - it's twice the price though. With my playing style/volume/band and 18 months of use now, I'm certain I'm not going to get near its limits.
In fact for quieter gigs it's barely ticking over, and so just a few days ago I picked up a QSC CP8. I was tempted since the CP8 is particularly small (41cm x 26cm footprint) and light (9.5kg). Have not used it yet, but I wonder if it will do ok for monitoring, particularly if I high-pass it around 120Hz, using the spill back from the subs to fill in the lower frequencies. And/or on quieter jazz gigs which are sometimes just trios with piano and vocals. I've never used an 8" speaker so should be interesting and will report back.
BTW all the above is when I'm not using in-ears for whatever reason, which is nowadays my first choice.