This makes logical sense.
But when I've changed the Tx power on the router, I haven't been able to create the "megaphone" effect at all. I've played with it pretty exhaustively, monitoring signal strength in various locations around my house with inSSIDer while changing Tx levels.
I have never seen ANY increase in signal strength when going higher than the default 80 mW on either 2.4 or 5 GHz. I do see signal strength fall when going below 80, though.
So, obviously, I've just left it at 80 mW on both radios.