Yes, that is a good answer.
On this subject I part with Tim and other 'objectivists' here. You can never re-create at home with certainty what the recording engineers had in mind, since you don't know how it sounded in their monitoring systems -- and as has been pointed out, the same monitor speakers show very different in-room responses in studios around the world.
Rather, I would say that reproduction should be about believability. And preferences do decide about what one person may find believable over another. Let's say, someone is an avid listener to live classical music, and his hometown hall, where he listens to most performances, is rather light and airy in tonal balance. This may reasonably have this person be inclined to a stereo system that is also rather light and airy in tonal balance. For myself, I prefer the more earthy sound that I hear at home (which now does have sufficient air as well after my last system changes) since it jibes well with both my average concert experiences and my favored live sounds.
There are many flavors to how live can sound, but the believable timbral palettes are all within certain boundaries. For a more general look at believability, I think we can all agree, a system should enhance the aspects that bring it closer to live sound, e.g., resolution, and should avoid aspects that are absent in live sound, i.e. sonic artefacts, often also induced by acoustic noise (room reflections not found in live venues) and electronic noise.
See my signature.