Yes, you are correct. However, the full 20 watts requires a huge heatsink - think 4" by 5" by 2" deep - and good circulation of room-temperature air, not in the summer without air conditioning. I try to limit the internal chip temperature to 100 degrees C even though they are rated for 150C - this is based on various real-world failures. With the clip-on heat sinks we use, you are limited to the dissipation I mentioned. You can use TO-220 transistors - we use the MJE5731A in PNP alpplications - and get 1 watt bare, 2.5 watts with the clip-on we use for the Paramount soft-start upgrade, and 5.5 watts for the big extruded one used in Eros and the Speedball.
As usual, transistors are much touchier than tubes. A 20-watt tube will run, by itself, at 20 watts for its full life; practical transistors can be counted on for at most 1/20 of their rating alone, and 1/4 of the rating with generous heatsinks. Tubes can take transient plate voltages of at least twice their rated maximum, some of them 5 times for short intervals; transistors are damaged ijmmediately with the tiniest excess.