The L-2 is a hybrid in the sense that it uses both tube and solid state parts in active roles. But, the term is typically used for something that uses a tube for voltage gain and a solid state buffer, which is not the topology used. In the case of the L-2, as Nate noted, the tube is used for both voltage and current. Solid state parts are used for rectifiers, voltage regulators, constant current sources, and biasing shunt regulators. In other words, the tubes do the work, but the solid state parts set the operating points.
Also, the clear up a point, the output transformer has 32 and 300 ohm taps (labeled lo and hi on the front). The transformers have plenty of inductance such that any dynamic headphone should be fine -- you just choose the one that is closest. At the extreme, I found that with 600 ohm Beyers, it was helpful to put a 600 ohm resistor in parallel (to make a 300 ohm load) to make them sound their best (and the T1's did sound pretty good, b/t/w/ -- actually quite a nice combination) through they worked OK without.
Gain into 32 ohm is actually a little less than 5 -- just a bit over 3. Into 300 ohms it is around 8. These can vary slightly with different tubes. Practical power limit is a little under 1/2W, though distortion will be pretty high at that point.