I recently tried using my Neumann KH120 II speakers in my hi-fi system. I have higher-tier, floorstanding speakers in my hi-fi system, so the KH120 II are not going to replace those. But I wanted to try and see how these studio monitors sounded in a hi-fi system context. The results will be obvious to some, but I wanted to post this for people who are considering getting studio monitors for a hi-fi system.
I normally use the KH120 II at my work desk, where my listening position is slightly under one meter away (about 3 feet). In that near field set-up, the KH120 II have a certain purity of sound that I really like for critical listening. Very neutral frequency response. In this context, you hear the speakers directly with little influence from the room (except you may need to adjust the bass and low-mids, to deal with the back wall or desk reflections).
My hi-fi system is in a medium sized room where the listening position is about 2.75 meters away (about 9 feet). In this context, the room now strongly affects the speakers and their frequency response. The KH120 II became more like any other hi-fi bookshelf speakers, with their wonky frequency ups and downs. I also had to turn up the speakers a bit more than at my desk, to get the same volume at the farther listening position. So the speakers do not sound as effortless as they do at my desk. In this context, the speakers start to have a slightly "boxy" quality that most small, hi-fi bookshelf speakers have. By that, I mean you can more sense the sound is coming from speakers, rather than the total disappearing act that larger floorstanding speakers do. That purity I really liked about these speakers, in my desk set-up, went away.
I do not mean to say the KH120 II speakers were bad. I mean that these speakers become like other small, hi-fi bookshelf speakers, when you put them in a hi-fi system for listening at a farther distance. I do not believe any monitor or bookshelf speakers can do that purity of sound in a near field setting, in a farther distance setting. It is just a totally different listening environment, where you start to hear the effect of the room as much or more than the speakers.
If you are looking to use the KH120 II in a hi-fi system, I would say, be aware that you are not going to get all the advantages I might praise about these speakers in a near field setting. You may want to consider hi-fi speakers, as they may be better designed for certain things that audiophiles love, like wide soundstage and imaging, which are not the top objectives of studio monitor speakers. You may think neutral frequency response is what you want, because it's accurate, but you may find that too "clinical" and less enjoyable for pleasure listening. You have to listen to as many speakers as you can to learn the differences and develop your tastes, or be prepared to cycle through owning different speakers to learn from trial-and-error. However, your room is a huge factor in how good your hi-fi system sounds. If you are a beginner audiophile, you may not be willing to do 90% of what it takes to set up your room for optimal sound, e.g., you will set up your speakers for decor, and not use heavy stands, not pull your speakers feet away from the walls, not get rid of the TV between your speakers, not add 5 inch thick bass traps, etc. In that case, you will not be getting anywhere near the best from from your speakers, and your research may be focusing on things that seem important in a vacuum, but do not translate into a meaningful difference in your home set-up.