Yeah. You and Bill are right! Glad I use terms loosely like almost, not all, some, a few.... however you want to divide them numbers.
T-case delta max. That's what most people are reading on specs.
It is not the rating of internal hardware specs.
(Right? We are all on the same page then?)
Just because a PSU can operate in a higher temp environment doesn't mean it's "more capable". It just means it'll run in a warmer environment.
This 40c probably matters to those in a warm climate that don't condition their ambient air with an ambient air conditioner.
Usually it has to do with how good the heatsinks and cooling are on the internal components in terms of how well they stay within their own temperature ratings at given ambient temps. It doesn't mean that the FETs, caps, etc. inside are rated 40-50C, but at that ambient temperature, they expect the internal part with a 105C rating (for example) to stay below 105C at full load (and not let out the magic smoke that you're supposed to keep inside the components...they can't work right if you let the smoke out).
This is only meant as clarification, not disagreement with what most folks here have already said. I'd be pretty cautious of EVGA's budget PSUs. Many of their high-end ones were great back in the day, but the cheapos were...well...super cheap and not made to last for the most part. I mean from their perspective they'd probably say "hey, it's a $40 PSU, what do you want?" lol, but there are other companies with more reliable cheap supplies.
All that said, it's just one more reason to slightly over-do it on the power supply's ratings for your application. The ambient tests they do are going to likely be in a thermal chamber with airflow. Will it perform exactly the same as it will in the basement of your PC, with a clogged air filter, under a shroud, etc.? I don't know. What I do know is that it's probably seeing a warmer "ambient" in that chamber for most people than the rest of the PC is. Some cases have been utilizing great vents and airflow for the power supply, but as they get more efficient (for the high-end models anyway), it seems like case manufacturers are sometimes closing them off more and more, so you really don't want to just ignore it.