This is a VERY technical question and involves the engineering trade-offs between transient response, bandwidth, driver excursion, cone break-up ( distortion ), power handling, etc... Suffice it to say that if one could achieve "perfection" i.e. all of the desirable traits that we look for in hi-fi with high efficiency, the designer would be a genius that knew how to circumvent the laws of physics. As such, engineers and manufacturers weigh the balance in what they are looking for and design according to what they have available to achieve those goals at a given price point. As such, a medium efficiency speaker offers the best compromise in several areas. On top of that, they are also the most commonly available in terms of selection of drivers, so that is what we end up with as a majority. As others have mentioned, either design can work well in a system IF that system is set up to work as a team. Like anything else though, the team is bound to have a few "star players" ( high points ) and a few sore-spots ( weaknesses ) regardless of the efficiency.
My suggestion is to look for speakers that are at least "reasonable" in efficiency ( 88+ dB's ), offer a stable impedance that is 6 - 10 ohms nominal and will cover the frequency range that you want in a room the size that you'll be using them in. Then again, finding all of these features in one package at a price you can afford is "almost" like having your cake and eating it too : ) Sean
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