if you listen to the main towers by themselves on about two thirds of musical selections there is something noticeably missing. but one third sounds about right. the most amazing thing is how much better the mids and highs are with the bass towers turned on. which tells us just how poor our intuition about how things likely work is.
For sure! Extended bass makes your hearing more sensitive to the highest frequencies too, and makes it much more obvious if they're rolled off and vice versa. So you can make a seemingly balanced sounding speaker without full bass extension but the highs need to be rolled off in addition. That's what Bose was good at... understanding this stuff and using it to cut corners. I do think you're right that much of this kind of psychoacoustics are not widely understood though.
andromeda, check out the Acoustic Elegance TD15 line of drivers, they are treated paper and are amazing. I am using the 15H+, which might not be on their current website but you can google it for information from the old site. It's one of the best woofers I've ever heard. Distortion is very low according both my ears and measurements. It's so low distortion it takes a few minutes for the brain to adjust. I'm using it in a 5 cuft ported cab tuned in the low 20 Hz range.