Short answer: the KEF Reference 203 for better sound quality, the Klipsch Heresy IV for the lower price. The KEF Reference 203 ranks #13 of 68 floorstanding speakers at $5000. The Klipsch Heresy IV ranks #44 at $3198, $1802 cheaper.
What the Klipsch Heresy IV offers: Very high 94.5dB/2.83V/1m sensitivity in Erin’s anechoic measurement—well below Klipsch’s 99dB in-room claim, but still excellent—and strong short-term output from a 12-inch woofer plus horn-loaded midrange and tweeter. The compact, furniture-grade Heritage cabinet is easier to place than most high-efficiency designs, and dynamics at moderate levels can sound lively. A stable four-ohm-capable amplifier can produce substantial SPL with relatively little voltage. Watch for: Erin measured a 77Hz F3 and response rolling away near 100Hz in-room, so a subwoofer is required for modern full-range reproduction. The impedance dips to about 4 ohms, reducing the practical amplifier advantage implied by its sensitivity. Pronounced directivity mismatch at the driver transitions, impedance/response resonances and elevated distortion spikes around the crossover remain audible concerns that EQ cannot fully solve. At 102dB Erin measured roughly 1.5dB midband compression; at 96dB distortion rises around crossover. Performance is difficult to justify at the price, and Erin explicitly did not recommend it.
What the KEF Reference 203 offers: An unusually accomplished 4-way design for its era: excellent on-axis linearity (within about +/-3dB), genuinely good directivity both horizontally (~55 degrees) and vertically (~40-50 degrees), and an estimated in-room response that closely matches what the reviewer actually heard. Distortion is excellent - under 1% harmonic above 80Hz at both 86dB and 96dB, and multitone stays around 1% even at 96dB. Bass reaches a real F3 of 51Hz (F10 37Hz), with in-room extension into the low-mid-40s. The reviewer’s overall listening notes were essentially “nothing stood out bad or good” - a genuinely neutral, accurate speaker with a distinctive rounded-baffle look that avoids the diffraction issues a flat baffle this wide would normally have. Watch for: This is a 20+ year old, long-discontinued speaker only findable secondhand (Facebook Marketplace, Craigslist, audio forums) - condition, driver matching, and component aging vary by unit, so audition before buying if at all possible. Demands a robust amplifier: impedance dips to about 3.6 ohms with an EPDR of 2.2 ohms. The small supertweeter shows minor breakup artifacts at the extremes of the vertical polar plot and some compression at very high output in the top octave, though neither was audible in normal listening.
Buy the Klipsch Heresy IV if the price matters more than sound quality. Buy the KEF Reference 203 if sound quality matters more than the price.
Specifications Side By Side
| Klipsch Heresy IV | KEF Reference 203 | |
|---|---|---|
| Price | $3,198/pair | $5000 Discontinued |
| Ranked | #44 of 68 in Large Size Floorstanding Speakers | #13 of 68 in Large Size Floorstanding Speakers |
| Bass Extension (-3dB) | 77Hz (measured, Erin’s Audio Corner) | 51Hz (measured, Erin’s Audio Corner) |
| Bass Extension (-10dB) | 50.0Hz (measured, Erin’s Audio Corner) | 37Hz (measured, Erin’s Audio Corner) |
| Sensitivity | 94.5dB/2.83V/1m (measured, Erin’s Audio Corner) | 88dB (2.83V/1m, measured by Erin’s Audio Corner) |
| Impedance | Approximately 4 ohms minimum (measured, Erin’s Audio Corner) | 8 ohms nominal (3.6 ohms minimum, measured, Erin’s Audio Corner; 3.2 ohms per manufacturer spec) |
| Drivers | 1" horn-loaded tweeter; 1.75" horn-loaded midrange; 12" woofer | 1x 0.75" supertweeter, coaxial 1" dome tweeter + 6.5" midrange, 2x 6.5" woofers |
| Dimensions | 24.8"H x 15.6"W x 13.3"D | 1067H mm (42" tall) |
| Weight | 45 lb each | 58 lbs / 26.3 kg (58 lb) |
| Woofer Cabinet | ported, rear | Bass reflex, with switchable flat/cut/lifted bass ports for wall placement |
| Crossover Frequency | - | 400Hz, 2.7kHz, 15kHz |
| Discontinued | - | Yes |
| Frequency Response | - | 55Hz - 55kHz ±3dB (Manufacturer specified) |
| Recommended Power | - | 50-200W |
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Prices on this page were last checked August 24, 2026 at 6:53 AM UTC. Product prices and availability are accurate as of that date/time and are subject to change; the price and availability shown on Amazon at the time of purchase will apply to the purchase of this product.
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The Two Speakers In Full
Klipsch Heresy IV: $3,198/pair Amazon Crutchfield eBay
Pros: Very high 94.5dB/2.83V/1m sensitivity in Erin’s anechoic measurement—well below Klipsch’s 99dB in-room claim, but still excellent—and strong short-term output from a 12-inch woofer plus horn-loaded midrange and tweeter. The compact, furniture-grade Heritage cabinet is easier to place than most high-efficiency designs, and dynamics at moderate levels can sound lively. A stable four-ohm-capable amplifier can produce substantial SPL with relatively little voltage.
Cons: Erin measured a 77Hz F3 and response rolling away near 100Hz in-room, so a subwoofer is required for modern full-range reproduction. The impedance dips to about 4 ohms, reducing the practical amplifier advantage implied by its sensitivity. Pronounced directivity mismatch at the driver transitions, impedance/response resonances and elevated distortion spikes around the crossover remain audible concerns that EQ cannot fully solve. At 102dB Erin measured roughly 1.5dB midband compression; at 96dB distortion rises around crossover. Performance is difficult to justify at the price, and Erin explicitly did not recommend it.
Full Klipsch Heresy IV review and specifications →
| Bass Extension (-10dB) | 50.0Hz (measured, Erin's Audio Corner) |
|---|---|
| Bass Extension (-3dB) | 77Hz (measured, Erin's Audio Corner) |
| Dimensions | 24.8"H x 15.6"W x 13.3"D |
| Drivers | 1" horn-loaded tweeter; 1.75" horn-loaded midrange; 12" woofer |
| Impedance | Approximately 4 ohms minimum (measured, Erin's Audio Corner) |
| Sensitivity | 94.5dB/2.83V/1m (measured, Erin's Audio Corner) |
| Weight | 45 lb each |
| Woofer Cabinet | ported, rear |
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KEF Reference 203: $5000 Discontinued eBay
Pros: An unusually accomplished 4-way design for its era: excellent on-axis linearity (within about +/-3dB), genuinely good directivity both horizontally (~55 degrees) and vertically (~40-50 degrees), and an estimated in-room response that closely matches what the reviewer actually heard. Distortion is excellent - under 1% harmonic above 80Hz at both 86dB and 96dB, and multitone stays around 1% even at 96dB. Bass reaches a real F3 of 51Hz (F10 37Hz), with in-room extension into the low-mid-40s. The reviewer’s overall listening notes were essentially “nothing stood out bad or good” - a genuinely neutral, accurate speaker with a distinctive rounded-baffle look that avoids the diffraction issues a flat baffle this wide would normally have.
Cons: This is a 20+ year old, long-discontinued speaker only findable secondhand (Facebook Marketplace, Craigslist, audio forums) - condition, driver matching, and component aging vary by unit, so audition before buying if at all possible. Demands a robust amplifier: impedance dips to about 3.6 ohms with an EPDR of 2.2 ohms. The small supertweeter shows minor breakup artifacts at the extremes of the vertical polar plot and some compression at very high output in the top octave, though neither was audible in normal listening. Discontinued.
Full KEF Reference 203 review and specifications →
| Bass Extension (-10dB) | 37Hz (measured, Erin's Audio Corner) |
|---|---|
| Bass Extension (-3dB) | 51Hz (measured, Erin's Audio Corner) |
| Crossover Frequency | 400Hz, 2.7kHz, 15kHz |
| Dimensions | 1067H mm (42" tall) |
| Discontinued | Yes |
| Drivers | 1x 0.75" supertweeter, coaxial 1" dome tweeter + 6.5" midrange, 2x 6.5" woofers |
| Frequency Response | 55Hz - 55kHz ±3dB (Manufacturer specified) |
| Impedance | 8 ohms nominal (3.6 ohms minimum, measured, Erin's Audio Corner; 3.2 ohms per manufacturer spec) |
| Recommended Power | 50-200W |
| Sensitivity | 88dB (2.83V/1m, measured by Erin's Audio Corner) |
| Weight | 58 lbs / 26.3 kg (58 lb) |
| Woofer Cabinet | Bass reflex, with switchable flat/cut/lifted bass ports for wall placement |
- Links
- Reviews, Comparisons and Sound Samples
- Head-to-Head Comparisons