This audio hobby is challenging and that is what makes it very exciting. The whole point of stereo is to recreate the 3D soundstage of the musicians and singers. Several challenges precede that goal however. First, is tonal balance so that the music sounds right- sounds live. Probably one of the biggest challenges we face is bass response. Getting that last bottom octave is a challenge not just for speakers but for the room as well. Then we have Signal to Noise and distortion to deal with. One type of distortion not often discussed is dynamic or responsiveness. Can the music reach the crescendos and the decrescendos and do it like a live performance. And when it comes to tonal balance and bass response, there is no right answer. Just as musicians have their signature sound and the way they make music from their instruments, we audiophiles have our own artistic input into how the music is reproduced on our systems. If one is fortunate to hear various hifi systems in their lifetime, they will have a handful of stereo systems that are defining moments in hifi for them. My very first defining moment in hifi for me was a pair of modified Quad ESL's mounted in wooden frames for extra stiffness and powered by a Quicksilver Tube amp with a modified ARC SP-8 and a Sota Star turntable. It was early 1988 and it was a magical moment for me. I can still remember the magic of those speakers. That started me on the "true" hifi journey.
The best systems can not just meet the "basics" of audio reproduction but they also can paint a wide and deep 3 dimensional sound stage that can make you feel like you are there in the room with the musicians. The best of these systems will make you feel like the musicians are moving around in the room with you. It can actually feel creepy or spooky. Since the day I heard those Quads, imaging has always been a priority for me.
Speaker placement, eliminating as much noise as possible, and room dampening are critical. In addition, isolation of each component- including the speakers will sharpen and define the images. The right cables are important too in order to bring the images into sharper focus. Some level of imaging is possible with just about any stereo system. Unfortunately, it seems like the more expensive speakers, amps, preamps and sources as well as cables contribute to reaching the pinnacle of imaging. One other point- turn out the lights when you listen. It makes a difference.
Oh, and I did have a neighbor one time get up and leave the room. He did not like the spooky imaging one bit. Realistically, imaging is not for everyone. Some do not even care about it at all.