The reference have:
- far more bass capabilty
- far less distortion of the whole range
- a good 10 degrees wider and smoother dispersion
- far less influence of diffraction
- a far more complicated and heavier cabinet (full aluminium front)
While the R11 are already insanely good, like the whole R series for the value, I think Reference or blade are the last step to a perfect speaker. I mean, what's left to fix there? Slap FIR for Room EQ onto it, pair it with 2 subs and it's a life lasting setup.
And remember I paid 7200 € for the pair, that's about the same as a new pair of R11