Hi, If you confirmed another plan, which gives you similar readings as yours, then it's likely true. I have no experience of the driver so cannot say more accurately. I had 5" Jordan JX92s fullrange drivers and speakers at one point, which couldn't go very loud and were bottomed with my 40W amp.
If it is a reflex box you must use high pass filter to limit excursion, which goes wild below the tuning frequency with no audible output. You should high pass filter with any box for such small driver, low frequencies would eat all the xmax, while not being audible anyway, so you might as well high pass in order to have less excursion which means cleaner (less distortion) sound for rest of the bandwidth. In case of fullrange driver this means cleaner sound for the whole full range bandwidth. I really cannot over emphasize how important high pass filter is with such speaker.
Some words to give some perspective how system size relates to apparent output capability:
There is not much bass from a small volume displacement and this is the trade-off with fullrange drivers in general, wide bandwidth comes with low SPL capability. You could use 15" fullrange driver for more lows and thus SPL capability, but now the highs are compromised instead. It's better to compromise the lows, and just add more low frequency sources, like a subwoofer. Or any bigger woofer, perhaps back of the sphere, which would both increase SPL capability, extend low frequency bandwidth and also clean up sound of mids and highs.
It's the low frequency extension and SPL requirement that is the hardest to fullfill and usually determines whole system SPL capability. Low frequency extension and SPL is all about volume displacement. So, if one wants to listen full bandwidth low distortion audio at reference level around 80db or so, with dynamics to spare so say 95db capability at one meter, from say 30Hz and up, small speakers just can't do it no matter what the marketing material says. They can sound just fine, just don't except having a party with nice sound.
Speaker system with 15" woofers as bass is about cool, enough volume displacement that enables whole system sound dynamic and big and natural and so on, and allows do some partying. Simplified, the smaller the speaker system, the smaller the sound as well, which can be somewhat counteracted by shrinking listening distance. I do not know what would be smallest system for average living room with 2-3m listening triangle, perhaps volume displacement of average 12" or even 10" could be enough, or even 6" if there is great xmax, which makes the volume displacement equivalent to average 12" for example. As reference, even a cell phone can get pretty loud with it's microscopic transducer, there just isn't any lows with it, and the sound is heavily distorted. To surpass cellphone apparent loudness with fullrange capable system with low distortion is already quite a feat. There is dramatic difference in system size, so even if a speaker system has 15" drivers which might sound dramatic, really isn't that much more output capability, but sufficiently so to get apparently louder than a cell phone with full range bandwidth and nice sound quality. Still, far from live instruments played in the same room, hit of a snare drum makes so loud sound, even system with 15" bass would strugle to reproduce.
ps. chr70 has 50cm2 Sd and about 4mm xmax, so about 50x0.8= 40cm3 volume displacement. A 10" subwoofer Seas LROY26 has about 340cm2 Sd and 14mm one way xmax making whopping 340x2,8 = 950cm3 volume displacement, which is equivalent of about 23pcs chr70, which is roughly 24db more output capability at some low frequency you target for. Top of my head, perhaps something like 300-500cm3 might be enough for partyable sound in a livingroom, give or take, and the more the better party
40cm3 could do party loud on mids and highs,if lows are high passed.