This is all extremely interesting to me. I'm not technical, but I would say I am your target market, since I love the Harbeth/Spendor approach but have some niggling issues with each of the current models. Personally I would prefer something that is sized closer to Harbeth C7, Spendor SP2/3, but if I could get an SP1 type speaker (slightly narrower than SHL5's) that worked in my room that would be fantastic. Some points;
1) I wouldn't want more volume. What I would like is for it to go down to, say, 28 Hz comfortably and with more general bass definition than the SHL5's. I get the impression this might be a big challenge with BBC boxes. The C7's have tighter bass than the SHL5's, but they also have less of it.
2) My main niggle with the C7 ES3 speakers, which I'm using currently, is what I perceive as a slight recess in the upper bass to lower mids. Compared to the SHL5's this is what makes the larger speaker 'warmer' in presentation, and the C7 leaner. Presumably this is one of the qualities that makes people say the C7 is more 'modern. Since you have used that word, I'd like to know a bit more about what you mean by modernity in this context.
3) Slightly tangential, but I'm still not so convinced by Tony's hypothesis that the off the shelf SEAS domes in the SHL5 (and the older C7ES2) are a problem. The C7ES3 sounds very good in that region using the same tweeter, whilst I had problems in my room with the highs when I tried the SHL5's. The C7 ES3 has a completely redesigned crossover, which I would imagine has addressed some of the problems that Tony had with both Harbeths C7ES2 and SHL5. But more fundamentally I feel that that it is much more difficult to get the 5's working in a medium sized room in such a way that the drivers seem integrated and the frequency response balanced, in spite of Harbeth's claims about easy room compatibility. If you are going to address these problems, that would be fantastic. How much does the implementation of a super-tweeter make for greater difficulties in this respect?
4) The above relates to another of Tony's points about the ideal BBC box being Spendor up top and Harbeth down below. When I was fretting about my upper bass/lower mid problem with the C7's I went to hear some Spendor SP2/3r2. My issue was that with a cello sonata the depth of the cello was losing out to the sparkle of the right hand of the piano. The situation was pretty much reversed with the Spendor. Definitely a deeper sound on the lower end of the cello, but clearly lacking the speed of the Harbeth Radial driver. Not a rigorous test; different room, sources, everything, but it fits with most people's reports.
4) Lastly, I used to use a Canadian variation on the BBC tradition; Energy Pro 22's. I still have them, but they sound pretty shrill in the highs and all round lacking refinement. Crude compared to Harbeths, but they went much deeper in the bass (down to 28Hz, hence my request above) and have a classic BBC mid-range and some charm. They were a 2 way with a very different crossover strategy; going up at 1.5KhZ. As I said, I'm not technical, but I presume this gave the bass driver time to concentrate on letting loose in the subs. What kind of crossover strategy did you have in mind for your version of the Sp1's?