One of my favorite albums Romantic Warrior. When Chick (RIP) runs that synthesizer note down to the basement on Medieval Overture my piloerectors go nuts.
Great recordings are not accidents, they are art. Great music systems are not accidents either. The very best are always intentional and they can take a multitude of forms arriving at surprisingly different but valid results. One characteristic they all have is the ability to separate instruments and voices in space with nothing but silence in between. "Talk About Suffering" is an acapella folk song on John Renbourn's A Maid in Bedlam album sung by 6 individuals with unique voices. This stunning recording will plant 6 individuals on a stage in front of you, the distance depending on the system. Each singer is an individual on stage with silence in between. Each so well delineated that you can actually listen to one singer at the exclusion of the others, a sonic hologram. In a less than optimal situation the singers become blurred together. The Cherubini String Quartets by The Melos Quartet on Archive is another example of near perfect imaging, each instrument clearly identifiable as an entity in space. Four individuals with one brain. Steely Dan, Countdown to Ecstasy is IMHO the best Steely Dan recording. On a great system it is an amazing ride.
In many instances, particularly large concerts (big venues) a great system can sound better than the live performance. I saw Tower of Power recently at the Hampton Casino Ballroom. It was a great performance but sonically it was a loud mono blur with boomy bass. The live 50 Years of Tower of Power album is a recent recording of the same playlist. The bass is detailed and authoritative. Each instrument and voice is clearly delineated. Turn up the loud dial and you are right there in a smaller venue with great acoustics. Eyes closed I can see the band on stage exactly where they were planted live, Blu Ray not necessary.
Can a system based on horn loudspeakers perform at this level? You bet. But, the system has to be intelligently designed to perform at this level. It is 90% about the speakers and room. It is perhaps 8% about amplification and 2% everything else. Does the program source matter? Yes, the recording and mastering. Analog or digital, both can perform just fine if the recording and mastering are appropriate for the source. Anyone who boasts one or the other is biased. Digiphobes are an interesting group considering 99% of the modern music they are listening to is digitized. If the disavow all digital music they are going to miss a lot of great music that will playback on a great system just fine.
I would not divide speakers into Horn, Dynamic, planar magnetic or ESL. I think it is more useful to divide speakers into point source and Line source as it tells you more about how the speaker is going to image. I prefer line source, dipole ESLs as I have been working with them for decades and am comfortable dealing with them in terms of room acoustics and amplification. If I were to go point source I would look seriously at horns because you have more control over dispersion. IMHO omnidirectional speakers are a PITA requiring more intense room treatment.
As Harry Pearson defined it, it is all about finding the Absolute Sound whichever way you travel.