Drew, I agree more than disagree. Dispersion can definitely be modified with waveguides and phase plugs, and beaming can be mitigated with 1st order crossover slopes. Large diameter woofers can be just as fast as small ones if they have the magnet strength and cone stiffness.
Still, if the issue is why 5.25" and 6.5" woofers became the de facto standard over the 12" woofers of the '70s, it's probably a combination of manufacturing costs vs. performance and WAF. The old oversized bookshelf speakers of the '70s had no WAF whatsoever and the bass extension (especially of the JBL L100) wasn't so great either. The PSB Synchrony 2 is sexy with a narrow footprint and has flat response down to around 36 Hz.. 12" woofers can kick ass, but not in a 2.4 cu. ft. enclosure; a pair of 6.5" (a la ADS 810) do better in that same oversize bookshelf enclosure; many 12-inch woofers need about 4.7 cu. ft,, at which point you'll hear some *serious* bass.
Still, if the issue is why 5.25" and 6.5" woofers became the de facto standard over the 12" woofers of the '70s, it's probably a combination of manufacturing costs vs. performance and WAF. The old oversized bookshelf speakers of the '70s had no WAF whatsoever and the bass extension (especially of the JBL L100) wasn't so great either. The PSB Synchrony 2 is sexy with a narrow footprint and has flat response down to around 36 Hz.. 12" woofers can kick ass, but not in a 2.4 cu. ft. enclosure; a pair of 6.5" (a la ADS 810) do better in that same oversize bookshelf enclosure; many 12-inch woofers need about 4.7 cu. ft,, at which point you'll hear some *serious* bass.