You are correct in your thinking! Pull will be 38 watts which is less than 1/3 the pull of your two 60 watt bulbs. Less draw at the fixture, less draw on your wallet when the electric bill comes!
Anyone know how many watts a 20 Amp line is rated for? I have two 1500 watt commercial grade hot plates (total 3000 watts) that I want to run on a dedicated 20 Amp receptacle (and yes it is a true...