Both ratings should be as specified. Seems as though pinballs usually seem to use 4 Ohm (hi-fi speakers tend to be 8 Ohm). Amplifiers can often handle a range of loads, e.g., a hi-fi amp might be able to drive between 4 to 16 Ohm loads. Big PA may be as low as 2 Ohms.I think it's the ohms that has to be right not the wattage?
As for the Wattage, for the specified impedance the wattage should be at least as high as the amplifier is rated, but preferably higher. My old Bally machines use the TDA2002, an 8 Watt amplifier. I had a look as the schematic for WH2O and it uses an LM1875. This is a 20W power amp and the typical application circuit can drive 4-8 Ohm loads. Manual says the cabinet speaker is 8 Ohm and rated at 25W (the speakers in the backbox also provide additional power handling). Even though it's a 3-way speaker system (high-mid-low) the only crossover component is a 10uF capacitor on the the "tweeter" which provides high-pass filtering of around 4kHz!