I would say that a good 2-way speaker will sound better than a bad 3-way speaker, but all other things being equal, with a specialized midrange driver, a 3 way design would be superior because of improved midrange reproduction.

And, as all men know, there's nothing better than a good 3-way! (sorry, couldn't resist)

Mark

"Shoot, a fella could have a pretty good weekend in Vegas with all that stuff"