Floor-Standards to Monitors?

I agree with jperry. I did that and regretted it in 7 months. As good as Lipinski L707's sound (I also used 2 subs) I'd rather wrestle with big speakers and big drivers including the hassle of shipping them. It took me 6 months to get the price I wanted for my Wilson Witt series II speakers (I loved the sound) but the wait was worth it due to the steal I got on a pair of Legacy Whispers. No more monitors unless in a second system for me. Best of luck.

Monitor Audio are superb. 

Too many variables to make a blanket statement here as @audiokinesis mentioned in his last paragraph, but I’ve also thought about this quite a bit myself and have a couple thoughts.  But to answer a couple of your questions, when audiophiles are frequently spending $30k+ for speakers, spending more than $5k+ on very good monitors seems very reasonable to me.  And no, I don't think DSP/room correction, although quite awesome when used properly, can make up for all the advantages larger floorstanders can provide...

First, if you’re talking about large, multi-driver speakers or line array speakers IME there is a soundstage size/scale, coherence, dynamics, and perceived effortlessness thing going on that I just don’t see a monitor and subs being able to match. Period. Size and physics still matter.

Short of that size/scale, etc. thing though, and more focusing on more reasonably-sized 3-way floorstanders, I think the lines get much blurrier.  And this is where all the variables really make the ultimate answer very situation and brand specific. I’ll use one specific case I’ve been considering that I think brings some of these things to light. One of my potential end-game speakers are Joseph Audio Pearls, but they’re currently way out of my budget and may remain so. So I’ve thought about pairing Pulsars with a couple very good value priced subs from the likes of SVS, Rhythmic, Hsu, etc. or a swarm-type setup to create a "Mini Pearl," which would cost around $20k less than new Pearls. (I use Pulsars not only for personal taste but also because they can reach down fairly low on their own, which I think is important in trying to achieve similar seamlessness and dynamics to full or near full-range floorstanders -- not sure smaller monitors that don’t go much below 80Hz could pull this off). Now, although the Pulsar very much shares the JA house sound (and tweeters) with the Pearls, the Pearls have a more substantial and dedicated midrange driver that I think will give it an advantage over the Pulsars with subs (PWS) in dynamics and coherence (among other things) that I can’t overcome. But, on the flip side, I’d expect the PWS to reach significantly lower and cleaner in the bass range -- very possibly better coupling with my room and assuming I’m using good DSP integration technology -- that could bring significant advantages in that area (let’s leave the amp not having to work as hard thing out for purposes of focusing on speakers here, but we all know that’s a big potential factor here as well). Now, even if I can’t match everything the Pearls do with the PWS setup, I’d bet I’m getting pretty darn close with an extra $20,000(!!!) in my pocket, thankyouverymuch. Let me repeat that number -- TWENTY THOUSAND DOLLARS. Just think of what else you could do with that much disposable income. The Pearls would have to conjure up quite a bit of synergistic magic to fill that big of a monetary hole.

But there’s another option. What if I ponied up for the Perspective floorstanders and paired THEM with subs? Now I’ve got two (or, maybe more technically accurate, one and one half) of the Pulsar’s midwoofs working to replicate the larger midrange driver of the Pearl, and I can cross the subs over even lower since the Perspectives produce more and lower useable bass than their monitor siblings. I’d think I’ve now closed a good bit of the dynamics and coherence gap that existed in the above PWS configuration, thereby coming even closer to the Pearl’s level of performance. But, as per the OP’s wish list, I’ve still got small floorstanders that are very easy to move around, and I’ve also still got about an extra $10k in my pocket!!!

All that said, if I had the scratch for the Pearls would I choose either of these options instead? Nope. But to be honest I’m an idiot, and I don’t plan on moving my speakers around at all and can still add a couple good subs and create my own "Super Pearls." As Sam Tellig used to say, "I laugh my evil laugh." It never ends, right???

Anyway, I used this specific example not to be self serving but because I think the same variables here can be applied across several brands, and it surfaces a lot of the basic issues on which I think the OP was looking for thoughts/feedback. Peace out.