A coaxial application done right can give the best coherence and power dispersion in all directions. You have the potential for the biggest sweet spot and sound stage with proper supporting equipment, positioning and amplification.
Unfortunately getting coincident drivers right is only part of the recipe. It has been ruined for me overall with the following errors-
1) Voicing. Coax drivers will not make up for a voicing and frequency balance you do not like.
2) Driver size step. using too big of a step between drivers (e.g. 8 or 10 inch woofer to a 1" tweeter) can cause issues that a coax setup will not make up for.
3) House sound. Some coax speakers sound artificial and metallic to my ears. Again, a coax design cannot make up for a bad house sound.