Probably the point just below where the transformer goes into saturation is the point of maximum efficiency. More current is drawn when a transformer goes into saturation, but the output remains un-changed.
The additional current is converted into heat which is to be avoided.
Cheers, Dpw [ Everything has limitations...and I hate limitations.]
I have many "western" name-brand wall-warts that are very efficient because they are cold without a load. When loaded they barely get warm.
But I have a wall-wart that is made in (I am not allowed to say the country) and it is very hot without a load and its voltage without a load is very high. It is very inefficient. It is cheap. Its core is too small and its wire is also too small.