I've just converted for a friend, some old 4 X 50W halo fittings with individual transformers, to 4 X 7W (or 10W) LED lamps, and used 2 of the original four 60VA transformers to supply them!! These fittings are for a shop that's open 9am to 10pm 6 days a week. ...No complaints to date!! lol!!
That is not a very good example to use E54,
The LED fittings/lamps have drivers built in, either constant current, or constant voltage types, and so have some secondary regulation applied to the low wattage fittings/lamps.
Again so long as you don't have massive discrepancies between the supply and demand then it is not a problem.:icon7: