Yeah, Clint is right. An iron with close to 100W and a chisel tip for soldering covers on pups is best. The 40W is good for lugs and probably fine for pot backs, but the 100W is better.
You can't hurt a pot or pup cover with a 100W iron, but you CAN with a 40W iron. It's not so much the amount of heat on the back of a pot or cover that will destroy it, but rather how LONG the heat stays in contact with the pot. With a 40W iron you need to keep the iron in contact with the pot a long time to get it hot enough to melt the solder. This time causes the heat to dissipate throughout all of the pot, possibly causing damage. And with a 40W iron you will tend to add lots of solder quickly without getting the pot back hot enough (for fear of hurting it) and you will get solder "blobs and "cold solder joints". With a high watt iron, it heats the pot instantly and melts the solder before the heat has time to dissipate to the more delicate parts of the pot.
Just remember three things for soldering excellence: 1) "Meat follows heat", meaning, heat the metal and let the solder flow onto it...do not heat the solder and let it drip onto the (cold-er) metal. that gives you "cold" solder joints and solder blobs. 2) Keep the solder as thin as water, just barely enough to coat the wire and lug/pot back. Too much solder just adds more heat, that you don't want, and it doesn't contribute anything AT ALL to the strength of the joint. 3) A lot of heat for a short duration of time is MUCH, MUCH better than a small amount of heat for a long period of time.
[I've been referring to potential damage to pots, but everything is multiplied 10 times when soldering a pup cover on. The metals are much thicker and take much more heat to get them hot enough to melt solder. If the heat (even a small amount) is left on too long the least damage that can happen is melting the wax potting. But the solder connections INSIDE the pup can be melted and even the thin winding wire can be damaged. And the cost of a pup is also 10 times the cost of a pot]
So be careful and use a heat sink if possible.