It would take a long time to compose such a post, in detail, and I have lots to do today, but I don't mind briefly outlining what I did.
I have evaluated a lot of speakers, over an extended period of time, basically, in three different rooms. Basically I used a comparison system. The speakers which were used as 'controls' were ESL57, Spendor LS3/5a and BC1s, and AVI pro nine+. Amplification was always AVI, mostly Lab series Integrated. Sources were variously Revox B77, AVI cdp, Mac and WinPC, an RME Fireface, an Apogee Mini-Dac, a portable flash card recorder, Sony mini-disc, or an iPod running Wavs. I never used vinyl, or compressed lossy files, for these tests, but I did check out lossy compression, and records for other reasons. Most of the time I used Revox RR, Apogee Dac, or RME Fireface, with Macbook Pro laptop.
I became very familiar with the sound of the 'control' systems. Evaluation tracks which I used constantly were Diana Krall Night in Paris, Katie Melua Stardust, Eastman Wind Band Liberty Bell, and a live recording made locally with my own equipment in the Adrian Boult Concert Hall of an ensemble consisting of Piano, Cello, and Clarinet. I also used my own live recordings made at the Imperial College Concert Hall, where my son was lead Oboe.
I used to visit my local HiFi dealer every day, and gave him the instruction that I wanted to listen to every speaker, new or second-hand, which passed through his shop. I did this for a period of more than 10 years. When I first started these test, Ashley James worked for ATC, and that's how I got to meet him, since he visited that dealer on behalf of ATC. Later, when he joined AVI, he and Martin Grindrod visited to listen to some of my tests, since they were becoming interested in 'computer music', and I like to think it played some part in the creation and development of their active speakers with digital inputs.
Similarly, although not every day, I very frequently used to visit Digital Village, which is a local dealer of professional sound equipment, with massive stocks of 'pro-grade' loudspeakers, and a very good 'dem' room. Their engineer Nick was very helpful to me, and I installed my own loudspeakers in their dem room for direct comparison with their stock.
At home, I had my own studio, equipped with Studer Revox equipment, and more latterly AVI. Originally (in the '70s), I started with Quad II systems, and ESLs, and moved through 33 / 34 / 44 / 303 / 405 / 306 etc. Initially I was interested in making my own recordings, but more latterly I was interested in transcribing records and tapes to digital files, particularly 78s. I used to borrow the most preferred loudspeakers to check them out, there.
Consequently, I was always interested in using 'monitor' loudspeakers with a very high degree of fidelity and transparency. I was very un-interested in anything which provided a 'coloured' sound, and strongly disagree that hifi systems should be chosen on the basis of 'an unusually characterful sound'. A replay system should be ruthlessly accurate and transparent, otherwise how can one appreciate what the recording is supposed to represent.
For years I did my monitoring on LS3/5a, but I agree they fell short of the range of a BC1, or a better 3-way system. The problem was always that the best 2-ways (I liked ATC 10s, a lot) were so good on voice and mid-range, and 3-ways, whilst more extended in the bass region, were always muddied in the mid range. This affected voice and female opera very noticeably.
Eventually I came to the conclusion that deficiences in drivers, and crossovers, were the main inadequacies, rather than cabinet design or cost. Many expensive loudspeakers were just not worth the money, and seem to be produced as 'a mugs eyeful' to sell to gullible consumers.
So, the answer, for me, seemed to be use the best drivers available, with active crossovers to preserve tight control, and keep the number to a minimum, and preserve the purity and transparency of a 2-way. This meant the lowest octave (say 30-60Hz) had to be supplemented with a separate loudspeaker. These days some people call them 'subs'. I tried various subs ranging in size from 18" drivers in cabs the size of a dining table, to small 8" units. They varied greatly in sound quality and were usually awful. However there is not much content below 50Hz in most music, and the human ear is not very discriminating in that region either. Modern movie sound effects, and throbbing Citroen Saxos playing rap, might be considered by some to be an exception. AVI designed and produced a sub-woofer, which is exceptionally good, although a bit expensive, and uses an 'acoustic crossover' technique which perfectly matches their loudspeakers, and can be adjusted for room response. That completed the puzzle for me.
JC