The specs don’t really tell what the measurement conditions are.
I mean, 125dB for a pair at 1m, which means 119 dB for a single speaker.
But is that for 4pi? (free space/anechoic, the way Amir would measure it on the NFS)
or is that 2pi (the way it would be if it was in-wall/soffit mounted, which can provide as much as 6dB of boost below ~500Hz).
And for how long is this maximum level?
Are we talking maximum SPL levels for 8 hours, 1 hour, 1 minute, or 1 second?
And what about distortion? Suppose I crank up my up my speakers as much as I can, but you stop cranking them when you hear distortion- who is going to play louder?
All these things make a difference.
We must remember that SPL is like power ratings. It really depends on how it’s measured.
And unfortunately HEDD don’t provide a qualifier of how they specify 125dB for a pair at a metre.
Interestingly, look what Sound & Recording.De measured:
View attachment 315662
Figure 7: translated
“Maximum level based on 1 m distance at a maximum of 3% distortion (red curve) and at a maximum of 10% distortion (blue curve) for the low-frequency range up to 200 Hz”
Even for a pair of speakers (+6dB) It would appear that your experience aligns closely with this measurement- 110dB or less.
Reference:
Sound & Recording 02.2017