However, getting a nice 1:1 voltage standing wave ratio only means that the transmitter sees a proper 50 Ω load that does not reflect anything back. Most of the radiation probably happens in the feedline and the rest is absorbed as resistive losses. The whole setup only works because at lower "high" frequencies signal levels are relatively strong and receiver sensitivity is rarely a problem. Most HF transceivers actually have front panel knobs for attenuation and gain reduction.
Also, FT8 is a relatively new digital modulation that works at low SNR and is not feasible for transmitting any information apart from the callsigns of the communicating parties.