I have thought about this for some time. I would answer "yes" to your question, provided you like planar speaker sound. And remember you would need a lot of power for those Magnepans.
I disagree with Mapman regarding subs. A pair of big REL G1s or MJ Acoustics 800s will blend well with planars. Just connect them at speaker level (JL Audio subs can't), at their lowest frequency, and don't be tempted to go high on the volume (so you won't notice them). The improvement in soundstaging and ambience are immense, as Soix says, as well as musical foundation, most of which you will feel more than hear. JL subs can't be connected at speaker level and their lowest frequency is 30Hz.
I disagree with Soix's idea of small speakers for such a huge volume.
A very different take on the problem (cheap brute force, a typical American solution to almost everything) would be a pair of GR Research
LS9 speakers, now built and sold by Angel City Audio in California. I listened to a pair long time ago and they were impressive in both looks and sound. No need for subwoofers, for sure, and all the soundstage width, depth and height you would want with more bass depth and impact than almost anything.