With the right tools and enough determination - definitely the latter.Is this a waste of time or a meaningful move

I'm pretty sure he could just plug in the crossover specs of the M2 and call it done.Be prepared though. You'll tread the same steps as JBL engineers before, characterizing the speaker's performance and developing a suitable crossover.
I’m I right in assuming you have an M2 ?Consider that JBL themselves sell the M2 as a system with Crown amps with DSP. I do wonder how it would work if you got the amp modules from the 708P. These are occasionally available. Probably no easy way to alter the xover point.
I wish! I have 708Ps. No room for M2, even if I could afford them.I’m I right in assuming you have an M2 ?
Considering the cost of diy subs slowly at a time is fine too , i got 2 18 inch sub in my system they really reproduce effortlessy high dinamic range musicIt depends on the music if you need a sub with those, for most the 4367 wil do it on it's own, but my girlfriend listen to old french rap a lot and they require a strong bass, there the 4367 is missing something that those two 18" subs can do (both are tuned to 25hz F3 with dsp). Also a lot of classic music requires more than the JBL can give on it's own. But the choice is yours, without sub, the JBL can cover most music fullrange, that is true. idem with the M2. The main difference in woofer is that the cone and spider of the 4367 are more tuned for a smaller cabinet and to go low without dsp eq, while the cone of the M2 is less fit for that and need dsp and a bigger cabinet to go real low.
Same here. When I bought my HDI-3600's I was torn between them and a couple like priced Revels.I really like the JBL sound
They would definitely get you in the ballpark, much easier than flying blind.The M2 and the 4367 don't have the same cabinet and woofer (2216Nd vs 2216Nd-1). they are close to each other, but they are not the same. So using the filter from the M2 won't be perfect (but probally already ok sounding). I would not use that as final dsp, but it could be a starting point to fine tune.
Mistakenly went ahead and imported a 4365 … what a disappointment this wasWith the right tools and enough determination - definitely the latter.
Be prepared though. You'll tread the same steps as JBL engineers before, characterizing the speaker's performance and developing a suitable crossover.
Think gated close-mic'ing, ground-plane measurements, spin data etc.
Biggest target IMO would be reducing the directivity error at crossover by way of steeper crossover slopes:
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Personally, I'd use Hypex FA Plate Amps for this. Slick all-in-one solution with FIR support.