It would seem that the x12i sounds the same as the x11i, x10i and x10. Those are all generally the same thing but look visually different with some minor tweaks. Each seems to start at about $350 then when discontinued decrease in price. The x10 can be found for a little over $100 on amazon nowadays.
I've been using a pair of x10i's for many years now, since 2009 I think. These things have taken a beating, even made it through the washing machine (and dryer, on low) once. Still work great.
I've been trying various headphones to give me higher sound quality but I've been spoiled by the x10's super comfort, solid seal and ability to stay put in my ears that I've returned every pair of earbuds I've tried and kept the x10i's even if I find I prefer the sound quality of something else, the comfort keeps bringing me back. I've been waiting a long time to see if Klipsch would return to a dual driver headphone, as the old school Custom 3's were mighty uncomfortable on my ears. The x20i's look designed like the x10's... Spontaneously ordered a pair last night within about 15 minutes of learning that Klipsch made a new flagship earbud that isn't a remake of the x10. Should arrive tomorrow, super excited to give these a serious go
Pairing them with an iBasso DX-50 DAP.
Regarding the price to performance ratio question, possibly not. Some of the cost is no doubt geared towards the mega comfort and small lightweight design, so I think you're trading some audio quality for comfort. Don't know about the x20i's, but they're priced similarly to other audiophile grade headphones, some having 6+ drivers, but they're probably be a hell of a lot more comfortable as I never got any of those other brand of headphones to fit properly, at all, without causing ear pain. However people have been comparing them to even more expensive earbuds, like from sennheiser, and enjoying them more. So... maybe. I wouldn't bother upgrading from the x10, or x11 to the x12 though.