I'd likely need dual KH750's (to smooth out response, and for SPL) - and I already have sub's I'm happy with. So I think in my case I'd either run the KH-120's w/o MA-1, or get the MA-1 license just to open up the greater DSP tweakability via manual tuning and REW.
What, exactly, is "left on the table" if buying a pair of KH-120-II's w/o MA-1? What parts of the on-board DSP can still be accessed and tuned manually w/o MA-1?
@HarmonicTHD mentioned their is still a 5-Band EQ available. Is it user-friendly to tune via the network? Bass management would be upstream in the AVR (then subs integrated via MiniDSP 2x4 - to hopefully still end up with a coherent turnover).
For those following - I have a new X3700H on the way that will allow manual Audessey tweaking from iPhone - somewhat negating the absolute need for MA-1 (the current AVR-x4000 does not have iPhone/Audessey compatibility). But having the per-speaker PEQ is still a desired capability.