Semi,
I'm certainly no expert here, but will offer my $.02 worth. Hopefully Roy Johnson of Green Mountain Audio will drop in on us.
First, assuming constant temperature and pressure, the speed of sound is the same regardless of the frequency being reproduced. High frequency sound does not travel faster than low frequency sound.
Now with all crossovers other than first order crossovers, there is a phase shift introduced by the filter, resulting in the low frequency driver lagging in phase relative to the high frequency driver. Take, for instance, a fourth order acoustic crossover (in which the filter topology may not look like a fourth order circuit, but the net rolloffs are fourth order). The woofer will lag 360 degrees (or 1 wavelength) behind the tweeter at the crossover frequency. Assuming a crossover frequency of 2 kHz, that 1 wavelength corresponds to a time delay of .5 milliseconds, or a path length of 6.75 inches.
Moving the tweeter back by 6.75 inches helps a bit because now the two drivers are in phase and time-aligned at the crossover frequency, but (as I understand it) that is the only frequency where we've really fixed anything, since that is the only frequency where the phase difference between the two drivers is exactly 360 degrees.
The only filter type that can preserve the time and phase relationship properly is the first-order filter, and then only when the listener is equidistant from both drivers. So in practice there is a fairly narrow vertical "window" within which time and phase correctness is preserved. Unfortunately first order filters are more sensitive to mis-alignment of the drivers, so outside of that "window" the first-arrival response will tend to have peaks and valleys that wouldn't be there with a higher-order crossover. Whether these on-axis peaks and valleys are audible or not I don't yet have enough experience to say. I'm expecting delivery of a pair of true first-order crossover loudspeakers soon, and hopefully will learn from them.
[As an aside, even-order crossovers are much more tolerant of misaligned drivers than are odd-order crossovers, as least as far as the on-axis, first-arrival response goes.]
I used to build loudspeakers as a hobby, and the best-imaging speakers I ever built used true first order crossovers. I was unable to successfully deal with the other challenges of a first-order crossover, so I went back to steeper slope filters which gave me much greater lattitide in driver selection.
Sloping the cabinet face back to align the drivers (with a first-order crossover) is a matter of simple geometry - the goal is to get the voice coils equidistant from the listener. There is no one "correct" angle - it depends on the physical characteristics of the drivers used (like how far back to the woofer's voice coil), how high off the ground they are, what their vertical separation is, and the anticipated listening distance and height.
If the speakers don't use first-order crossovers, then tipping the cabinet back so as to align the voice coils to be equidistant from the listener would not result in "time alignment", as the output from the woofer would still be delayed in time relative to the tweeter due to the inherent phase shift. That's probably why you don't see manufacturers of non-first-order crossover loudspeakers wasting their money building expensive sloped baffles.
The designers of Merlin and Dynaudio and other high quality non-first-order loudspeakers have no doubt taken the relative driver voice-coil offsets into account in designing the crossover. So tipping the speaker back to align the voice coils would more than likely be slightly detrimental, as now the condition the crossover was optimized for no longer exists. One case in which tipping the baffle back might well improve the imaging is if the front baffle has sharp edges. Tipping the baffle back would smear the diffraction out in time, hopefully making it less of a distinct sonic event and therefore keeping it from screwing up the imaging as much.
My understanding is that there are tradeoffs a-plenty in the mystical art of loudspeaker design - not that the science is mystical, but the selection of priorities (and subsequent selection of the best way to achieve them) certainly is.
I don't know if this helps any or not. I welcome correction from those who know more about this than I do.
Duke