It would seem that headphones and loudspeaker systems are like apples and oranges. For example, frequency response range of a loudspeaker system is very problematic, usually requiring at least two drivers (woofer and tweeter) in order for the system to pass as being a full frequency range transducer. Yet very often a single headphone driver can apparently easily have frequency response on the order of 30 Hz to 20 kHz.
Another point, open air headphones can reproduce down to 20 Hz, yet getting a loudspeaker to reproduce that low, let alone not severely restricting the bandwidth of the speaker, is not at all easy. An open-back loudspeaker system or dipole won't naturally reproduce bass frequencies.
In other words, for reasons I don't know, the acoustics of headphone drivers must be very different from that of loudspeaker systems, and so a Thiele- Small analysis must not apply to headphone drivers. A headphone driver looks to be a tiny loudspeaker, so you would think that the physics of reproduction would be the same.
An important difference between loudspeaker systems and headphones is that the loudspeaker radiates into free space while the headphone driver acts on a captive volume of air of the ear canal.
Regards,
S.