I haven't heard any speaker with the Seas Excel W12 mid-woofer, so I can't comment on it. But I agree with those others who own or have heard other Salk speakers made with that particular tweeter, the Hiquphon OW1, or other speakers with larger Seas Excel woofers, such as the W16 or W18. All that I've heard are, in my opinion, excellent sounding.
I'm surprised to see the Hiquphon's poor measurements, as I own a DIY CAOW1 with the same tweeter, and had owned for nearly 10 years, Salk SongTowers with the OW2 tweeter, a close sibling of the OW1. (Both of those speakers use Seas CA15 5½" coated paper mid-woofers.) Both of those speakers never displayed any tweeter problem that I was aware of.
I've used the Seas W12 and it performs well as a midrange. As a woofer it's very limited (as Amir measured) due to the small size and limited excursion. The response problem in the midrange isn't due to the driver or crossover. It's a cancellation / resonance from the port. The sensitivity rating is obviously wrong as well as the stated -3dB (48hz) which is really closer to 60hz. For a driver of this size 60hz isn't bad but the output capability limits you to nearfield or desktop listening.
I think Rick Craig has it correct. The very small cabinet combined with the W12 mid-woofer, as well as the low sensitivity, certainly make it seem like the WOW1 was meant for nearfield listening.
@amirm – Would a speaker intended for nearfield listening, instead of the more common 8-10 feet listening distance, affect they way you perform or interpret your speaker measurements?
In addition, would a slot port on the front of the WOW1 cabinet, instead of a rear port, affect how you measure or interpret it's performance?