I have seen a paper where they looked at thermal compression and found peaks being compressed by up to 7dB. That will clearly impact perception of dynamics I would think...I think it is a pernicious problem as it creeps in right from the get go...the higher the sensitivity generally the less the effect at a given input power.Could you then define what you mean by "low sensitivity speakers"? I have heard systems that I would describe as very dynamic which have 90 dB speakers and pretty big amplifiers. Perhaps my idea of dynamics is different from yours. How does one measure whether or not a speaker is dynamic?