@mijostyn
"Now, what you are talking about is a co-axial point source which has absolutely no advantage over non co-axial point source speakers that are spaced closely together until you are a foot from the loudspeaker."
I beg to differ. Where did the foot come from? Whenever two separated sources play the same frequency (eg in cross-over regions) there is reinforcement and cancellation interference, as explained and animated here Discover the Surprising Flaw in Center Channel Speakers (youtube.com).
"In doing the variable diameter point source Quad was trying to improve dispersion characteristics at high frequencies"
The diameter does not vary - it is fixed by the speed of sound as it radiates from a virtual point. Mind you, the stators are only static in the mechanical sense. Electrically they carry the varying signal. The moving membrane confusingly carries a static electrical charge. I think one of the problems Quad tried to address was the cancellation and reinforcement interference experienced from different parts of a large panel. They deliberately reduced the high frequency dispersion pattern, in ways I do not understand but probably in the delay circuitry.
"My assessment of modern Quads is there are dynamic speakers that outperform them in many ways resulting in a better listening experience particularly at levels above 85 dB"
Agreed. I prefer my KEF Reference 1 at high levels. These look like a two way speaker, but have two concentric drivers handling mid and upper frequencies. Modern recordings seem to have more high-level transients, which trip the Quad protection circuits!