Interesting, I don't know how the Ensemble Reference speakers sound with Landmark stands which were introduced after I bought them in 1991. I have stands from De Jong Systems, and in my set-up the speakers don't sound particularly airy -- but just right, if anything, rather on the earthy side. It does depend on the cables as well -- my Monster Sigma cables give a much less bright balance (comparable to MIT cables that I had recently for auditioning) than Ensemble's own cables from that time, for example. I found the Magico S1 that I auditioned recently to be more airy sounding (on those MIT cables). I found that speaker inferior, not necessarily because of the airiness (which just gave a different perspective on possible live sound), but for other reasons.
The reason why the speakers sound better with CD apparently has to do with subsonic trouble on LP. From Dick Olsher's review:
The specter of subsonics
While the lower mids always sounded smooth, I became aware over time of grain and roughness through the upper mids and lower treble—but only with LP program material. Violin overtones lost sweetness and smoothness. A sense of strain would creep in that was not volume-related. The Ensemble PA-1 appeared to be performing better with digital than with LP program material. I decided to investigate this discrepancy using the Wilson Audio recording of the Beethoven Sonata for Piano and Violin, Op.96. David Abel's Guarnerius on the LP version of this was not as pure-sounding as CD. By comparison, the LP was beset with noticeable levels of grain and roughness riding along with the violin's harmonic envelope. The CD also managed to develop a better sense of space, the Guarnerius occupying an almost palpable space within the soundstage. What! CDs sounding better than LPs? I can't have that.
Naturally, I began to strongly suspect subsonic energy as the culprit. With the grille off, it was easy to see the wild gyrations executed by the woofer; the introduction of FM and IM distortion became real possibilities. The fact that the PA-1's passive radiator is tuned high means that it is vulnerable to subsonic energy. The woofer is on its own in the deep bass and below, without any damping from the air spring of the cabinet.
I decided to test this theory. Not having a subsonic filter handy, I introduced the Threshold PCX crossover into the chain, using only the high-pass feed above 75Hz. The deep bass and subsonic frequencies were attenuated at the rate of 18dB/octave below 75Hz. This really did it—the transformation was dramatic. The Guarnerius began to sing sweetly and with excellent focus. All grain and strain were removed from the upper mids. At last, the proper balance was restored: the LP sounded better than its CD equivalent. I missed the lost deep-bass information; there wasn't that much to begin with, but when you have none at all you notice it. But the accrued benefits were so great through the upper mids that I could not imagine listening to the PA-1 full-range again
Apparently, the designer is aware of his speaker's subsonic vulnerability, because in the Owner's Manual the use of a subsonic filter is recommended as it "banishes all those non-musical signals (such as record warps) below the lowest musical spectrum, thus allowing a very clean bass." To be fair, I should point out that most minimonitors, and especially vented designs, would greatly benefit from the use of a subsonic filter. Properly executed, the real benefits of such a filter should greatly outweigh the potential disadvantages of introducing another active device into the signal path.
http://www.stereophile.com/content/pawelensemble-pa-1-amp-reference-loudspeakers-page-4