Sounds reasonable. If the issue is the mirages, you might ask the repair person in Canada if it sounds like a foam repair issue or a driver issue, and feasibility of fixing that.
Basement is plenty large enough, though a 5' tall speaker in a 6' tall basement must be a sight. I suspect you'd be better off with the speakers at least 3' away from the rear/side walls. If you google the ancient reviews on the M1s, they may give you their opinion on the topic. Or just experiment.
If the speaker works or can be made workable, an idea to save money is to buy used SS amp (of enough watts). Just make sure it has been had capacitors replaced (if needed).
Let us know how it turns out and how you like them.
Basement is plenty large enough, though a 5' tall speaker in a 6' tall basement must be a sight. I suspect you'd be better off with the speakers at least 3' away from the rear/side walls. If you google the ancient reviews on the M1s, they may give you their opinion on the topic. Or just experiment.
If the speaker works or can be made workable, an idea to save money is to buy used SS amp (of enough watts). Just make sure it has been had capacitors replaced (if needed).
Let us know how it turns out and how you like them.