I think an even bigger problem was transient IM distortion. The early designers realized that with low signal level transistors being small and cheap, they could put a lot of them into the circuit, to give phenomenal voltage gain, and then add gobs of negative feedback in a single feedback loop from the output back to the input, to reduce the harmonic distortion practically to zero. However, the slow NFB loop couldn't respond to transients, and gave horrible IM distortion on transients.The issue was cross-over distortion