Speaker priority: high or low???

Most important is synergy between all the components, followed by the interaction of the room. I've found everything matters.

Paul

The amplifier is the most important and by a wide margin. Why? Based on my experience, most amplifiers do much more than just amplify the signal. And that's almost never a good thing. In addition, it appears that most amplifiers will only excel in one or two parts (if at all) of the frequency spectrum (bass, mid, or treble) and not do so well in the other part(s).

In addition, I'm a firm believer that a great amp can made bad speakers sound very good. But never will a great pair of speakers sound good when paired with a bad amp.

I believe that there are more character differences and greater deficiencies amongst amplifiers than any other component.

-IMO

I agree with Stehno for the most part. You need look no further than the Stereophile review of the $250 pair of B&W DM302 speakers. They hooked them up to a real high end system and could not believe how good they sounded. Any speaker regardless of how low the price, that does not have any big design flaws, will sound great hooked up to a great amplifier.

You will not get the same results connecting an $8,000 pair of B&W Nautilus 802 (or any similar speaker) to an inexpensive amplifier. Not even close.

To me, the question was not, "Which component can you get away with spending the least on, speakers or amplifier, and still get acceptable sound?" To be fair, I'll state for the record that I personally feel the best price ratio concerning amps-to-speakers is in reality close to the 50/50 neighborhood in most cases, give or take 25%. I believe audiophiles in general are a little more susceptible to taking a rather perverse glee in describing systems to the unititiated, wherein $250 speakers are made magical by being hooked up to $10,000 amplifiers, than is truthfully speaking healthy or flattering to our credibility with the masses. And the first problem with such claims is that an audiophile should not even be looking to spend as little as $250 on speakers. My proposed ratio only begins to make sense for audiophiles when it regards speakers in the lowest price range they should probably be considering, roughly the $750-$1,000 neighborhood new (if you need less, well, that's why they invented Audiogon).

It is true that after reaching a certain level of speaker performance, amp differences may continue to be appreciated as one moves on up their price scale, while it's also true that after reaching a certain level of amp performance, speaker differences as one moves on up their price scale may begin to place demands on that amplifier which it isn't capable of adequately responding to. But it should be kept in mind that at the ultimate end of the price scale, it is still more difficult and costly to build a speaker which is capable of most fully and accurately responding to the input signal it's fed under any conditions, than it is to build an amplifier capable of most fully and accurately responding to the input signal it's fed under any conditions. (In other words, the amp will always be able to fill this brief more easily and closely than the speaker.) And that is why most speaker designs don't attempt to fully do so in the first place.

But getting back to the original question - Which is the most important component in a system? - Beemer is in truth absolutely right. However, if you look at the question as instead asking which single component of the system has the most *influence* over what the perceived sound of the system will be like, then I think the honest answer is, was, and probably always will be still the speakers. (That is, after the source material!)