all great points and I agree with most of it as long as we talking about that low C on the pipe and not about death metal or grind core that also have to sound great!
the way I see it, is that there are variable in whole equation and rather you have too big room too small speakers too weak amp or any other not correct for conditions of the room combinations of above elements you won't be satisfied.
Now if system works great as is, sounds fantastic and than you take away subwoofers and its all dramatic, guess what you don't have speakers, if my issue is the fact that some frequencies are overlapping and I have to sit and pay attention when they overlapping because my ears are not the freshest, o well so be it.
Ive been listen stereo way before subwoofers were invented and I'm sure they have application somewhere, but not in my system, even at the price of not having 100% sonically correct sound.
and yes I agree manipulation of digital signal by software before decoding is far more superior than any other filters.