The Crack has a power transformer, and no output transformers (OTL is output transformer-less).
The division rule you're applying works the other way, and on solid state amps. (100 Watts into 8 Ohms -> 50 Watts into 4 Ohms)
We can generally get 10V of swing pretty easily on the Crack. If we use a 600:8 Ohm output transformer, that offers roughly a 9:1 step-down ratio. That leaves you with about 1V across an 8 Ohm speaker, which won't give you much satisfaction.
Now, if you have the true DIY spirit pumping through your veins, you would ask the question, "Can I build a pair of speakers to run off the Crack?"
The answer to this question is yes! I believe if you made a 600 Ohm speaker of high efficiency, the Crack would provide a reasonable amount of output for near-field listening. This would be 38 - 16 Ohm drivers per side, which is still horrendously more expensive than a SEX amp. Do note that if you go to a 1200 Ohm speaker, you'd get even more power