To elaborate a little bit....
If your speaker cabinet is 8 ohms, and you plug it into the 8 ohm jack on the amp, the amp will put out its rated power, whatever that may be. If you have a 4 ohm speaker cabinet and plug that into the 4 ohm jack on the amp, it will again put out its rated power. If you plug an 8 ohm speaker into a 4 ohm jack, or plug a 4 ohm speaker into an 8 ohm jack, then the load on the amp is mismatched, and the amp will put out less power either way, with a different harmonic spectrum of sounds, and it is harder on the amp when mismatched, so the tubes work harder and can burn out quicker. In addition, some cheaper amps will use transformers that can't tolerate a mismatch like that for very long, and the transformer will not like the mismatch and blow. It is always best to get the proper load on the amp for best tone and power. Mismatching down ( 4 ohm speaker on 8 ohm jack) is harder on the amp and tubes than mismatching up, mainly because the tubes are working harder in this mode, and the output transformer can arc internally in this mode which would cause it to self-destruct.
If you're running two 4 ohm cabinets, then if you run them in parallel, they would be at two ohms, and you would want to plug into the 2 ohm jack on the Model T, if it has one. If the amp doesn't and you plug in a 2 ohm load on a 4 ohm tap, it isn't good for your amp to do that, your tube life will be shorter, you may blow things up, your tone won't be as good, and the overall volume will be lower.
So best advice is to get whatever cabinet setup will give you a load the amp can run well with an existing output jack or switch on the back of it already.
Greg