Midrange is no problem for two ways , it is bass. If you have a small room or listen to music that doesn't need to be played very loudly then two way is ideal. Three way can play louder with more bass but the midrange can suffer by being divided between two drivers. For large rooms or high DB's three way is better , but is inherently harder to design properly and more expensive. Subwoofers can give 2 ways the bass of three ways and are a good compromise. All the above is , of course , speaking in general terms. Each speaker has it's own virtues and faults.
Two way vs. Three way Speakers
In terms of sound what are the differences good and bad between two way and three way speakers. I have been researching and collecting information about a diy speaker project - for example looking at the SEAS Thor design (three way) vs something like the Proac 2.5 clone which is a two way. Still reading about other options too. Best speaker I ever owned was Maggies through the 80's that sadly were not child friendly. Currently have 2 way - Paradigm monitor. Looking for accuracy, detail, clean sound (great mids and highs)that is true to recordings - for cds through modded Jolida (warmer) and MF amp. Thanks for any discussion and thoughts on this.