Harry, the CS3.5 was introduced in 1988, but its lineage goes straight back to the O3 in 1978, updated to the O3a (equalized) in 1979, O3b and then CS3 in 1983 and the 3.5 in 1988, numbered such as the 5th incarnation of the fundamental "3" design. They all share the same design goal of full-range, accurate in all spheres 10"x 3-way reference monitors. One core value, early on, was sensitivity / efficiency. The O1 and O2 came in at 93+dB @1w/1m. The hard facts of physics relegated efficiency to a lower rung on the survival ladder, which haunted the brand furthermore.
A simple passive part update for the stereo 3.5 EQ might be feasible, depending on how much space is available in the chassis.
Wayne, from the beginning, before the O1 in 1976, we experimented with many wave-form paradigms before settling on the wide-dispersion point source that became synonymous with Thiel. A highly intriguing form was the sound-field created by two back-to-back speakers forming a bi-pole radiator. I have run a pair of CS1.5s backed against my CS2 2s with wonderful results. The back-firing pair can get by with less evolved amplification.