I agree the devil is in the details and the technology chosen varies among manufacturers. While we can talk about stators, panels, diaphragms, and radiation patterns, all of which are important, one of the key pieces of the design that seems to be getting over looked are the transformers that convert the voltage. Peter Walker's original Quad ESL used excellent transformers, not sure how Quads current transformers stack up.
I have owned Acoustat Model 2s as well and will say that removing the transformer interface and using Acoustat's servo amps to directly drive the speaker made a big difference, and I will readily admit that the input section of that amplifier was not of the best design. In fact I was in the process of modifying mine with the help of Roger Modjeski, who designed a direct replacement tube input circuit for the Acoustat servos. However, the project was never completed due to his diminishing health and subsequent death. Unfortunately I was denied the opportunity to compare FINAL M5s to my QUAD ESLs (I have 3 pair including the 57QA: https://www.quad-musik-shop.de/en/p/esl57-qa-elektrostatics).
Roger Modjeski used to work for Harold Beveridge whose Model 2 and 2SW are somewhat legendary with their unique lens that allowed for amazing dispersion and soundstage realism. Unfortunately Beveridge was not much known for their reliability. However, Roger took what he learned, did additional research, and I am happy to say that after years of trying, I have finally figured out how to set up and use his design, featuring an all tube direct drive amplifier - no transformer interface. Personally, while other technology elements of the design are important, my feeling is in many case with ESLs the transformer is the weakest link.

