If you set the crossover frequency on the Crown at 30Hz, the effective f3 of the system would be from about 30Hz to 49Hz, rolling off above and below that range.
This is true, due to the summation of the curves. Below 30Hz, the crossover response is flat, but the speaker cabinet response is going down at about 18 to 24dB/oct. or so. So, you get the speaker rolloff as the slope of the curve- the response rolls off below 30Hz.
Between 30Hz and 49Hz, the crossover response is going DOWN as frequency increases, but the cabinet response is going UP. Those two roughly cancel out, and make for a relatively flat response in that region.
Above 49Hz, the cabinet response is flat, but the crossover is going down. This makes the response roll off above that frequency.
Of course, you'd lose a couple effective dB of sensitivity- but with the Peavey being something like 96dB sensitivity- that's probably not much of an issue.
So, if you don't really need the sub to go higher than 50Hz, and don't care if it doesn't go much lower than 30Hz- then it would work.
EDIT: Oh, almost forgot- if you do this, it's safer if you change the port vent frequency of the speaker, so that it's at least as low as you're trying to 'force' the response to go down to. So, it would be a good idea to increase the vent length of the ports in the Peavey, so that the box is tuned to 30Hz or lower.
Regards,
Gordon.