Where to start?

You have already started. You said you listened to the B&W CM5. So this is your baseline.

How did you like the sound? The CM5 is a rear ported speaker so that tells you it should be used with stands. It also has a metal (aluminum) dome tweeter. So now you should listen to another 2 way bookshelf that has a different type of tweeter. Listen to a soft (silk) dome, then maybe a ribbon, then maybe a compression horn. They all sound different from one another. Find the one that you like best and zero in on models that have these types of high frequency drivers. Now decide if you want rear ported (stands required) or front ported (a bookshelf or stand can be used). Finally consider the impedence of the speaker. Are they 8 Ohm (easier to drive) or 4 Ohm (requiring more amplifier power). This will help you decide on an amp.

As you audition speakers, based on above criteria, you can begin to develop your own spreadsheet as you narrow down what is the best speaker for you. Good luck on your journey.

Add to that, what components do you already have? Amp/pre-amp, cd player, dac? Whats your budget?

Start by participating in your own thread...

I've never heard a spec (but I'm sure someone will say they have). You need to get your ears on some speakers to make an informed decision. Just my humble opinion. Good luck.

Start by doing your self a favor and forget about specs - instead use your ears - then consult your wallet.

Dynaudio X12 or 16
B&W 805d
Dynaudio C1 MKII
Focal Diablos
Magico Mini II or Q1
Tad CR-1a Reference

All are excellent but different - price range from 1,200 to 46,000

For the same money, the KEF LS-50s are getting some great press. Being a new speaker, it will be hard to audition but may be worth it.

All the best,
Nonoise