An amp doesn't deliver an impedance, it sees that load which means it can deliver up to its maximum output. A 212 cab may be able to utilize more than the 300 watts if it isn't hitting its limits/maximum output already. Thermal ratings have little to do with volume, just how much heat the speaker can dissipate. A high sensitivity/efficient speaker will get loud with less power and then have to dissipate excess input energy as heat. A larger speaker should be able to move more air and dissipate more heat.