+1.
Sounds to me that 'phase smearing' is just the usual 'lossy' effects caused by skinning i.e. 3dB/octave roll-off. Which is easily measured and also compensated for by equalization.
I respect your view, but -- This is an example of the bête noire of audio -- the misapplication of facts and practices from a different domain.
For the transmission of relatively narrow band high frequency energy, as to an FM transmitter or the 6" diameter Litz cable I have a sample of, which is used by NORAD on the DEW line, impedance is THE problem ... or even for cross country 60Hz power lines which are either hollow or aluminum over steel, because at that scale, the inside of the conductor barely conducts even at 60Hz.
However, the audio problem is that as impedance rises at distances away from the surface, so to, 1:1, does inductance, and hence the smearing across time.
This can not be equalized out, which is itself another major source of phase corruption. There was no reduction in amplitude at audio frequencies -- the perceived loss of treble is real, but due to signal integrity having been compromised, not due to diminished amplitude.
The silliness of cable companies that claim that the bass goes down the straight-path big strands, and midrange down the somewhat longer-path medium size strands, and the treble down the longest-path thin strands, doesn't mean that we are all that silly (though I am glossing over the other electrical values in play as those different strands have different geometry, etc.). The path of least resistance at high frequencies in such a cable is the surface of the bass conductor!
Skin-effect, as with so many of the mechanisms which compromise an audio signal cannot be undone -- they can only be averted to the degree that they are visible and understood, both of which are very much unconquered frontiers. Do no harm.