[ewalling]

Yes, my Orpheus Valley Fiesta classical is a very loud guitar, too.

P.S. Just seen the second part of your question! What does a classical do less well than a steel string? Difficult to say really... I would think that it's more a case that we might prefer to play certain pieces on a steel string and others on a classical. But this is up to the person; as Stefan Grossman says, for him, ragtime is a style best played on a steel string, but he adds that Davey Graham and Duck Baker both played excellent ragtime on classicals! On a classical, however, there are certain physical issues - the 2" nut width makes it more difficult to get the thumb round to play chords, which takes some adjustment when you're used to doing that.