if your amp has a MV control using it conjunction with the HP has a better effect and this is the way i'd suggest doing it for those trying to achieve bedroom tones from a 100w amp.
I should have made this point, there is no point in running the amp flat out and using the HP to bring it back down, bring the amp down as low as you can while retaining most of the tone and let the HP do the rest.
Also bear in mind that you won't get the same speaker excursion at low levels no matter what trickery you use, speakers are lazy, they don't move unless pushed.
Ultimately you can't gig in a bedroom, something has to give, and the HP is a good device to give you more control. I've also heard it said that the THD HP is kinder to your tubes than some of the others, how true that is I can't say as it's at least 3rd hand information.