I just use the 150W/2 ft per code (unless I know the actual load will be greater). Perhaps the intent of this is to allow for additional track heads to be added in the future, even if you know there will only be 50W every two feet when it is designed. Even if that's not the code's intent, I think its good design practice to go by the 150W number.
Anyone know if there's another code section that would allow you to use the xfmr rating for calculating the load for track lighting?