Short answer: the KEF Reference 203 for better sound quality, the Magnepan LRS+ for the lower price. The KEF Reference 203 ranks #13 of 71 floorstanding speakers at $5000. The Magnepan LRS+ ranks #63 at $1300, $3700 cheaper.
What the Magnepan LRS+ offers: Thin, two-way planar-magnetic open-baffle/dipole panel design (about 48” tall, just 1” deep). Delivers a uniquely dramatic and enveloping soundstage with genuinely three-dimensional depth effects that work across all music genres, not just classical or orchestral material as commonly assumed. Extremely tight, locked-in center-phantom imaging when set up correctly. Open-baffle design avoids the “boxy” enclosure coloration of conventional cabinet speakers. Multitone distortion is remarkably consistent from low to high frequency, a characteristic the reviewer hasn’t observed in conventional cone-and-dome speakers. Compression at high output stays modest (about 0.5-1dB) through the midrange and treble, giving roughly 20-26dB of usable dynamic range in that region. At its price, a strong contender for a dedicated secondary listening room, even if not a main-system replacement. Watch for: Extremely current-hungry and power-hungry: even a pair of 600W Macintosh monoblock amplifiers only averaged about 90dB output - a robust, high-power amplifier is essentially mandatory, and budget amps won’t cut it. Bass rolls off very quickly (F3 74Hz, F10 67Hz, described as falling off “like a rock”), making a subwoofer an absolute requirement for any low-end content. A roughly 3dB dip in the mid-bass (100-300Hz) region thins out vocal body and fullness compared to a conventional bookshelf speaker. A resonance/bump around 400Hz adds a mild boxy quality, though it responds well to about 2dB of EQ correction. Extraordinarily fussy about exact positioning - both seating height (must align with the acoustic reference point between the panel’s lower tie-down points) and horizontal aiming are unusually critical; moving just a couple of inches can cause treble content above roughly 500-600Hz to nearly vanish. Distinct off-axis cancellation zones exist directly to the sides of the panel, where very little sound is audible at all. Fails badly under extreme dynamic-transient testing in the bass, and the reviewer blew fuses pushing the speaker during testing - not built for high-volume or highly dynamic playback. A genuinely different category from conventional hi-fi speakers, requiring more setup patience and experimentation than a typical monopole design.
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 Magnepan LRS+ if the price matters more than sound quality. Buy the KEF Reference 203 if sound quality matters more than the price.
If sound quality matters at all to you, skip the Magnepan LRS+. It ranks near the bottom of the 71 floorstanding speakers, so look higher up the list instead.
Specifications Side By Side
| Magnepan LRS+ | KEF Reference 203 | |
|---|---|---|
| Price | $1300 | $5000 Discontinued |
| Ranked | #63 of 71 in Large Size Floorstanding Speakers | #13 of 71 in Large Size Floorstanding Speakers |
| Bass Extension (-10dB) | 67Hz (measured, Erin’s Audio Corner) | 37Hz (measured, Erin’s Audio Corner) |
| Bass Extension (-3dB) | 74Hz (measured, Erin’s Audio Corner) | 51Hz (measured, Erin’s Audio Corner) |
| Sensitivity | 85.1dB (measured, Erin’s Audio Corner) | 88dB (2.83V/1m, measured by Erin’s Audio Corner) |
| Drivers | Full-range planar magnetic dipole panel (48" tall x 13.5" wide); quasi-ribbon design, two-way with separate mid/bass and tweeter ribbon sections | 1x 0.75" supertweeter, coaxial 1" dome tweeter + 6.5" midrange, 2x 6.5" woofers |
| Weight | 30 lbs / 13.6 kg | 58 lbs / 26.3 kg (58 lb) |
| Woofer Cabinet | open baffle | Bass reflex, with switchable flat/cut/lifted bass ports for wall placement |
| Impedance | 4 ohms nominal, 3 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) |
| Dimensions | 48"H x 13.5"W x 1"D (1219.2 x 342.9 x 25.4 mm) | 1067H mm (42" tall) |
| Crossover Frequency | - | 400Hz, 2.7kHz, 15kHz |
| Discontinued | - | Yes |
| Frequency Response | - | 55Hz - 55kHz ±3dB (Manufacturer specified) |
| Recommended Power | - | 50-200W |
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- JBL HDI-3800 vs Magnepan LRS+
- Dynaudio Emit 30 vs KEF Reference 203
Prices on this page were last checked August 25, 2026 at 6:19 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
Magnepan LRS+: $1300 Magnepan eBay
Pros: Thin, two-way planar-magnetic open-baffle/dipole panel design (about 48” tall, just 1” deep). Delivers a uniquely dramatic and enveloping soundstage with genuinely three-dimensional depth effects that work across all music genres, not just classical or orchestral material as commonly assumed. Extremely tight, locked-in center-phantom imaging when set up correctly. Open-baffle design avoids the “boxy” enclosure coloration of conventional cabinet speakers. Multitone distortion is remarkably consistent from low to high frequency, a characteristic the reviewer hasn’t observed in conventional cone-and-dome speakers. Compression at high output stays modest (about 0.5-1dB) through the midrange and treble, giving roughly 20-26dB of usable dynamic range in that region. At its price, a strong contender for a dedicated secondary listening room, even if not a main-system replacement.
Cons: Extremely current-hungry and power-hungry: even a pair of 600W Macintosh monoblock amplifiers only averaged about 90dB output - a robust, high-power amplifier is essentially mandatory, and budget amps won’t cut it. Bass rolls off very quickly (F3 74Hz, F10 67Hz, described as falling off “like a rock”), making a subwoofer an absolute requirement for any low-end content. A roughly 3dB dip in the mid-bass (100-300Hz) region thins out vocal body and fullness compared to a conventional bookshelf speaker. A resonance/bump around 400Hz adds a mild boxy quality, though it responds well to about 2dB of EQ correction. Extraordinarily fussy about exact positioning - both seating height (must align with the acoustic reference point between the panel’s lower tie-down points) and horizontal aiming are unusually critical; moving just a couple of inches can cause treble content above roughly 500-600Hz to nearly vanish. Distinct off-axis cancellation zones exist directly to the sides of the panel, where very little sound is audible at all. Fails badly under extreme dynamic-transient testing in the bass, and the reviewer blew fuses pushing the speaker during testing - not built for high-volume or highly dynamic playback. A genuinely different category from conventional hi-fi speakers, requiring more setup patience and experimentation than a typical monopole design.
Full Magnepan LRS+ review and specifications →
| Bass Extension (-10dB) | 67Hz (measured, Erin's Audio Corner) |
|---|---|
| Bass Extension (-3dB) | 74Hz (measured, Erin's Audio Corner) |
| Dimensions | 48"H x 13.5"W x 1"D (1219.2 x 342.9 x 25.4 mm) |
| Drivers | Full-range planar magnetic dipole panel (48" tall x 13.5" wide); quasi-ribbon design, two-way with separate mid/bass and tweeter ribbon sections |
| Impedance | 4 ohms nominal, 3 ohms minimum (measured, Erin's Audio Corner) |
| Sensitivity | 85.1dB (measured, Erin's Audio Corner) |
| Weight | 30 lbs / 13.6 kg |
| Woofer Cabinet | open baffle |
- Reviews, Comparisons and Sound Samples
- Erin’s Audio Corner: Grab Your Pitchforks! The Magnepan LRS+ Review You Didn’t See Coming! More from Erin’s Audio Corner →
- Erin’s Audio Review Website Magnepan LRS+
- Erin’s Audio Corner: I Tested 250 Speakers So You Don’t Have To!
- Erin’s Audio Corner Measurements (spinorama.org)
- Reddit Search for Magnepan LRS+ Review
- Head-to-Head Comparisons
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