The power rating with germanium transistors is a bit tricky, as the maximum temperature for germanium is at some 70-90 C. So if the case temperature is not 25 C as for the nominal power, but more like 50 C for a large heat sink, the permissible power is down 50%. Going higher temperaure it gets worse quite fast.
Germanium power transistors have no real problem with a high current, but are more power dissipation limited. So the > 20 A current rating comes for free when you need a 150 W nominal (maybe 50 W real world) power rating.
For transisents the worst case voltage may reach some 60 V, if the load is reactive, like a capacitor / inductor. I can imagine the SOA could be a problem at higher temperature and voltages of more than some 30 V, as there seems to be very little internal series resistance to ensure even currrent distribution.
The Si transistor may be a bit over-kill, following the rules for the more sensitive germanium transistors.
Selecting the Gemanium transistor for high gain is relative - worst case gain can be really low. There is not that much series resistance at the base - so curent gain of the transistor would not effect the loop gain (mainly voltage based) very much. A low current gain would need a higher current from the constant current source and thus more power loss in the stages in front.