Turn it up until you get to where another bump up sounds barely any louder. Turn it back down a nudge. If that isn't loud enough there you need more cab.
Putting the cab up on a chair or angling it up to you from the floor can make a big difference to your ability to monitor yourself with less FOH disturbance.
With any luck your 4 ohm cab can be reconfigured as 16ohm for it to use the 16ohm tap.
I would be leery of a single driver being expected to cope with the beast.
After they banned BassmanPaul I thought I better leave it alone for a bit before I got the ban hammer too.
B.P. is the most mild mannered gent you could hope to meet.
Tbf if you poke a couple of vintage JBL 15's with 50w they will get quite loud. With 500w you will get barely any louder but wind uo with a smoking pile of rubble if you aren't careful.
Lots of people gig with a Trace Elf that only has 160w into a 8 ohm cab.
There's no a guarantee that a 500w amp will suffice but I would not want to be in the same pub if it was required.
One thing to keep in mind when scoping out gear is the volume knob position is a poor indicator for how much of the amp is being used. Many amps are at full noise by the 4th indent with most of the action occurring between 0 and 3.