An update. To cut a long story short, the sub is staying. I’ll keep this short and avoid being long-winded. Most experienced folks would have known about this. After moving the sub around, I figured out that the placement of the sub is everything. The difference it makes is just massive.
As expected, the current best placement of the sub is between the speakers. It’s not at the centre but closer to the left speaker. I also found that the front of the sub needs to be on the same plane as the main speakers after moving it front and back. The sub now has about 2 feet from the rear wall (previously 5 inches).
With the new placement of the sub, the volume and crossover settings are completely changed. After trying several settings with different music, I’ve settled with these. The crossover frequency can now be turned up higher without the bass sounding forced or unnatural. Please feel free to comment if the settings need some adjustment. The volume and crossover settings are most important, phase setting is least important as I’ve always left it at 0, presuming the sub is in phase.
The volume is at 75%, rather high.
Crossover frequency is currently at 62 Hz.
Phase at 0.