You don't even need a lot of "lab equipment dollars", measuring the basics can be done with ~100€ calibrated USB mic. As a rule of thumb, you cannot develop a good speaker without measuring, unless you have advanced modelling tools and experience to use them correctly, in which case the measurements will mostly match the simulations.
Says who? You should really acquaint yourself with current research, starting with Toole's infamous "Sound Reproduction: The Acoustics and Psychoacoustics of Loudspeakers and Rooms".
Anyone who has read about or experienced instruments and music halls that were made before the commodification of electricity?
My point was more along the lines of „a layman reading this might draw the conclusion that this is the proper way to solve this problem, because the text is written with an engineering mindset and demonstrates a certain degree of sophistication“, and I wanted to caution people that this is not the case.