Well, peak power is the maximum power its going to take or give out (depending on the type of equipment) Most people use the RMS rating when talking about power. RMS is about 1/2 of peak. It is basicly the average power you are getting. See below for a glossary for another description.
Most unreputable companies put the peak power rating in big huge letters on the box. The reputable ones will generaly use RMS.
As far as speakers rated 150W or 130W watts peak power is concerned it just means that one will handle more power than the other.
This only makes a difference because speakers generaly have an efficency ratting at 1W/1M. And for every doubling of power you get +3db of gain in volume. So a speaker rated at 87db 1w/1m will put out 87db if you give it one watt, 90 if you give it 2, 93 if you give it 4, 96 if you give it 8, 99 if you give it 16, 102 if you give it 32, 105 if you give it 64, 108 if you give it 128, 11 if you give it 256. So esentialy both speakers are close enough to each other in power handling that you probably won't notice any difference running them at their maximum power.
Recievers/headunits are tricky because they sometimes give rms power ratings. But those rms ratings are inflated.
They do their ratings at the point the component fails not at a level the equipment can sustain.
Go to ebay and look for pyramid amplifers. Look at the power ratings and look at the price. Then look for alpine amps and look at the power rating and the price. You will notice a descrepency.
Useful resource:
http://www.electronixwarehouse.com/e...n/glossary.htm