"Speakers are not one-night-stands.
This may seem obvious, but a lot of people get struck by the gravity of a 200 pound monster (2 of them) sitting in their room that just doesn't sound right to them.
And then reality bites."
This is a point well made imo.
I would add that speaker 'setup' is critical. An average pair of speakers, setup well, will normally sound better than a good pair of speakers badly setup or mismatched with room size. Even a single driver speaker (of the sort mentioned earlier in this thread) can be badly setup, though it has to be said such a beast does simplify matters hugely. If the triangle of sound isn't equilateral or the firing angles are not identical though then the reproduction will be compromised regardless of speaker type. Two way and three way speakers are harder to get right and the difference at say 10 feet distance with even a 64th inch error of plane alignment can be quite noticeable. 3 ways have a critical need to be balanced in parallel with each other also. One may lean left or right slightly but the other will need to mirror it exactly otherwise voices and instruments will sound unbalanced (unnaturally thin or bloated). This will also affect the dynamics. Loudspeakers are not built to the tolerances of the Egyptian Pyramids. So spirit levels provide merely a starting point. For this reason I would eschew any speaker which does not have adjustable feet. You will need them to 'dial in' your sound by ear. I tend to judge by listening to the bass because that is the most critical aspect of this particular exercise.
It is the 'plane of the speaker Aray' which you need to focus on for alignment btw, not the bottom plinth or the top of the speaker. This sounds obvious but some manufacturers will put level bubbles in places that cannot possibly tell you any meaningful information. I have even seen some £20k speakers which were completely unable to be aligned because the tweeter module was simply not built in parralel with the other drivers on one of the speaker pair.
Setup takes trial and error tests until you are happy and add to that 'your happy' may be different to mine depending how much bass you want etc. The positive here is that you can affect the sound substantially with your speakers and that is a good thing because we all have our preferences. Imo It pays to experiment. When it's right the musicality and clarity can be magical for most speakers with say a Dave front end. As with a recording studio mic though, it's not the mic so much as the efforts of person setting it up.
One very good way to check if your speakers are both phase coherent and properly set up is to try, first the test samples, and then if you like them two albums from the mainly classical music and Grammy Award winning label Yarlung Records. On their homesite with the same name you can find some testfiles in a newish recording format called SONORUS which via a capable Stereo system can deliver a more three -dimensional sound than plain stereo from a two speaker system.
If your speakers can reproduce the testfiles correctly as with the circling tones where a a beeping tone actually circles between the speakers and back around you in a circular way behind you, or blackbirds singing behind you, you have both good speakers and a phase coherent system.
As you say there are many super expensive multi module speakers that are NOT phase coherent and will not reproduce this effect.
Luckily my MF KW 550 amp and my ML electrostatic speakers can.
Unfortunately there are so far only two full albums recorded with this technique which aims to approach the effect of real five speaker ITU setups ie real surround as with many SACDs and other mch recordings.
The effect of hearing the circling tone behind you from only two speakers is also a bit like listening to a binaural recording via headphones.
In fact quite amazing the first times you hear it.
But the SONORUS effect will not work via headphones.
With music you are rewarded with a three dimensional soundstage that expands deeper both forward and back ,than plain stereo can reproduce.
The two recordings are the contemporary composer James Mathesson's violin concerto played by the LAPO conducted by Esa pekka Salonen recorded at a live concert in LA.
A superb example of very listenable modern music coupled with some of the same composer's songs for soprano accompanied by a grand piano.
Especially the songs are some of the most realistic and lifelike DXD recordings I have heard via my stereo system.
The other just released title, features violin sonatas by the young Sibelius.
One of those tracks is also among the test tracks.
Both titles can be downloaded as DSD downloads DSD 64, DSD 128 and DSD 256 or in DXD format from the download site
Native DSD.com
And if your system fails to do the job required they are also available in plain stereo and simply mic'd 5 mic setup ITU REAL MCH.
For those striving to set up an imaging-wise and soundstage-wise optimised two speaker based stereo system not to be missed imho.
Cheers Chris