Overall, I think Ford has 20MW extra out of 104MW, 80MW is the maximum continious power demand for the intense fighting scenario. I also agree that this 20MW extra was meant for future upgrade especially weapons like laser as USN envisioned earlier.
However, 80MW would meet the same requirement if the ship is IEPS/FEP. Ford was designed some decades ago when IEPS/FEP was immature. So the electric generation and propulsion power are independent and separated. In a IEPS ship the propulsion motor (80% of total power of the ship) shares with the rest of the electric consumers. Typically a ship does not sail at its top speed in a fight, so power reserved for top speed can be redirected to other consumers. So in IEPS ship, that 20MW (dedicated in Ford) non propulsion power is drawn from the surplous of propulsion. This is reflected in a PLAN study on IEPS frigate. As a rule of thumb the total installed power of IEPS ship of the same mission is 80% of its conventional driven counterpart, as illustrated in the following table 42/52.
View attachment 175669
This is roughly saying that Ford's 104MW = 80MW of an IEPS equivalent even considering any future upgrade of laser etc.
Note, I am not suggesting 004 being an IEPS/FEP, but only presenting the technical possibility for a 80MW installed powerplant doing the same job.