k1114 :
Just because the pcie slot and 6 pin can deliver that max amount, doesn't mean the card will draw that much. It will only use as much as it needs and it's only a 150w card. Most cards are oc so slightly above 150w, so 75w from slot and 75w from 1 6 pin is not enough.
Actually, while that's the specification, a 6 pin PCIe cable could be more than capable of putting out double that - If weren't for trying to keep things compatible with crappy multi rail PSU's there's literally no reason you could not draw a couple hundred watts over a six pin cable of adequate gauge. In fact we've done this many times cooling frankenstein builds with cascades.
When you see two six pin PCie connectors on a low end card like a 250, you know it's because THEY know that half those purchases are going to be hooked to Yo Mamma's brand PSU with four 12v rails, each of which is not actually capable of delivering the wattage claimed in the label.
Basically 1 six pin cable could be plenty, limitations to prevent out of spec draw from a power source (SLOT or cable type) are firmware driven artificial limitations like a speed governor on a car.With the 480 AMD calibrated their governors wrong and overrode the BIOS settings in the driver (for example).
Here's a good explanation on this with an RX 480 that was recently linked here in the forums, watch what they had to do to get it up to 1500MHz with the single six pin.
https://www.youtube.com/watch?v=Jq47qmwcus8
You're right about everything else of course.