Bass (or the lack thereof) -- I've had 1.7's and now have 3.7's and they are OK in the Bass but adding a pair of subs is worth it and the effect is not just bass, somehow it smooths out the highs. I have REL S510's on the longbow wireless system and upgraded XLR cables, it makes placement much easier without wires. Per REL it is best to run them directly off the amp (s). As the Maggies are a very fast speaker the subs need to be fast to keep up and sound proper.
The one weakness is lack of slam but that is a strength when reproducing acoustic's and vocals, lots of layering and texture revealed. Blues guitars are amazing; Allman brothers, Stevie Ray Vaughn etc.
Breathing Room -- If you want imaging and air get them away from the rear walls. I have mine about 5 feet.
Mods --I haven't done much except MYE stands, Jumpers and Fuses, and yes it is worth it. I lack the courage and dedication to mess with the crossover but hear it really helps. https://gr-research.com/product/magnepan-3-7i-upgrade-kit-pair/
Value -- If you can swing it, nothing less than 3.7's for silky highs and sighs. The true Ribbon panel is in another world compared to the 1.7 and below.
Imaging I don't have much to compare to but I am getting a very Holographic 3D sound stage with precise instrument location.
Bottom line they are unforgivingly revealing of your gear, if your preamp does not image well or if your amps or DAC doesn't have clear concise bass you will hear that. If your system has digital noise or electrical noise you will hear that also and I think that is why many feel Maggies can be biting in the upper registers. But if you give them a great signal they should sound silky.