multidriver in a crossover design (each one limited to a given frequency range) seems to be more about tuning ease. I'm sure there are some benefits for distortions, but at the most basic level, while you low pass a bass driver, you only do it electrically for the audio signal arriving to the coil. The driver can still have non-ideal movements that will generate new frequencies above the low pass value. I felt like you might have been considering the band limiting as if it applied to everything.
I think stacking drivers (for the same frequency range) might be the more beneficial aspect for distortions. It's still the same thing we've discussed, if you have several drivers, to reach 80dB, you won't need each driver to output 80dB. So they'll instead have the distortions of that lower output while you listen at 80dB. In a perfect world with perfect phase and exact same signal, I think 2 drivers could give you +6dB. In practice, I imagine less, but it's still clearly interesting. Even more so if your target for the IEM's output is louder than what the drivers can do cleanly.
A well vented dynamic driver probably still outperforms the BA stack when it comes to distortions, but then we can't have the benefit of strong isolation.