Yes, no and maybe.
The deal is that power supplies are most efficient at 80% utilization. So a 400 watt power supply is best at 320 watts. But some of the better MiniITX motherboards can run on a little as 7 watts. So, yes, even a cheap 1Amp wall wart can give better efficiency that an 80Plus 150 watt power supply.
What you need to find out is what your motherboard actually needs with your RAM and and the flash drive. You might be OK with a 24 watt (2amp) based on your numbers so far.