Can a Quality Full Range Speaker be the Limiting Component in a system?


Can a quality full range speaker be the limiting component in a system?

Can it be surpassed by the quality / performance of the upstream chain? Therefore, becoming the bottleneck for overall system performance?

No? Why?

Yes? How so?

Examples for both scenarios, if you have them.

For the sake of argument, assume that the speaker's performance has been fully optimized. In other words, the room, cabling, isolation, setup/positioning etc are not factors. In other words, assume it's the best it can be.

Thank You!

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Note: this is not about any specific speaker I own or have demo'd/heard. 
david_ten
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@jond   Of Course! : )

@blindjim   It's the 'proving' it part that is difficult for me. When does one know? How does one know? 

Thank you for your thoughts and how you yourself have progressed through speaker and system changes. Very helpful.

@inna   Good points. Can you expand on your thinking regarding these points? Thanks.

@james_w514  Let's assume that one has the 'right' associated gear. What then? Thanks.
There are a few slippery, impossible to absolutely define, phrases or assumptions in your inquiry, such as;
"... quality full range speaker"
"... limiting component" 
"... bottleneck" 
"... speaker's performance has been fully optimized" 

Now, if you get those parameters sorted out you can answer your question.  :) 



@douglas_schroeder   Doug, appreciate your post. Points well taken. 

How would you re-state the question or problem?
My only experience with a "full range" single driver speaker was the Hornshoppe Horns. Within it's operating range it was really nice. 
Sometimes wonderful.
That's the problem. 

All the best,
Nonoise