I'll second Viridian's response, and I'll add that distortion measurements will be considerably different for a given speaker depending on what volume level and input power level they are taken at. Not only on the levels at the instant the measurement is taken, but I would expect also on the history of those levels over the previous seconds or perhaps even minutes, since that history will affect voice-coil temperature at any given instant. Unless the THD numbers that are being compared for different speakers are based on levels that are indicated and that are similar, apples are being compared with oranges. And as Psag stated earlier, lack of standardization of how such measurements are taken is rampant.
Also, as Marty alluded to earlier, how objectionable a given THD value is depends on the frequency that is being distorted. It also depends greatly on how the TOTAL Harmonic Distortion is distributed among the individual harmonic frequencies.
As I've said in a number of past threads, IMO the main usefulness of specs and measurements is in identifying and **ruling out** candidates that would be poor matches with either other components in the system (especially the power amplifier, in the case of speakers), or with the listener's requirements (e.g., peak volume capability, physical characteristics, perhaps deep bass extension, etc.). But not in selecting among candidates which make that cut. And in most cases THD numbers are useless in both respects.
Regards,
-- Al