If I just plonk a speaker down in my small living room , will a sealed or ported design suit me better. I've got a grand to spend on speakers.
Are you talking about a pair of speakers, or a single subwoofer?
Imo there are too many variables in play for "sealed vs ported" to predict which speaker will suit your better.
Would stuffing a port make a speaker the same as a sealed design ?
Blocking the port with an airtight plug transforms a well-designed ported box into an overdamped sealed box.
Stuffing a port with a material which resists but does not block airflow transforms a ported box into an "aperiodic" or "pressure relief" box, and again probably an overdamped one. This approach can be problematic from an excursion-limited power-handling standpoint, as the woofer is relatively unprotected from over-excursion by bass signals.
In my opinion, "amp + speakers + room = a system within a system". So there may be room and amplifier combinations for which either one or the other of the above modifications to a ported box makes sense. If a ported box speaker is boomy in your room and/or with your amplifier, then plugging the port may result in a better overall result. For instance a boomy ported bass cab in a boomy room driven by a tube amp will almost certainly sound better with the port plugged. However the same cab (with or without the same amp) will probably sound better with the port open if you're doing an outdoor gig.
Or do ported designs have a specially specc'ed driver ?
Yes the woofer specs are different; in particular, woofers optimized for ported designs usually have more powerful motors than woofers optimized for sealed designs (this shows up as a lower Qes number). Imo this is a hidden advantage of a vented box, at least if we're talking about two-way speakers, as ime the more powerful motor results in better midrange articulation.
Vented boxes offer the designer more degrees of freedom than sealed boxes do. Imo a vented box can be optimized for accuracy rather than for deepest loudest bass (and most impressive specs), with the net result being competitive with a good sealed box as far as articulation in the bass region, and possibly superior to the sealed box in the midrange region, if this is a two-way loudspeaker.