While I appreciate the theoretical discussion, how about some perspective on the sound? What specific systems or drivers/components have you all heard and either liked or really disliked?
I have been listening to a system with three G.I.P. field-coil drivers: 18" woofer, WE 555 clone midrange compression driver (feeding a YL horn, and a WE 597 clone tweeter. This is among the nicer sounding horn systems I've heard. I have heard MANY systems using YL horns and drivers, IPC compression drivers, some RCA drivers and WE drivers that I have also liked a lot. These were all custom builds.
In my own system, I run a WE 713b compression driver and a 12025 sectoral horn, and a fostex bullet tweeter and twin 12" drivers in an Onken bass reflex cabinet. I suppose this is a horn hybrid system, but, it is at least reasonably efficient (99 db/w) and I run it easily with a 5 watt pushpull amp.
I have heard a few commercial horn systems that sounded quite nice, such as an EdgarHorn system and Cessaro system. I also liked, with some reservations, the Avantgarde duo and trio systems I've heard (bass was a bit uneven and not well integrated).