Your right, just because one uses more expensive parts is no guarantee that one gets a real improvement. Significant improvement comes when people go far enough. IMO most people don't go far enough.
Simple cap replacements can bring an aged speaker back to life but its often not enough to change cap flavors and get something truly significant.
I'd like to recommend a site for caps where there has been some hard work in categorizing their sound.
http://www.humblehomemadehifi.com/Cap.htmlI like your thinking
Inductors, cap and resistors upgrades can do wonders, as long as the rest of the speaker is reasonable, low-ish resonance cab, and good drivers.
I upgraded a few pairs of Aussie made Richter Harlequin MkII speakers that were produced mid 90's, at the time they won awards, after upgrading the tweeter side caps and the inductors on the mid-woffers they were in another league again!
These were my crossovers with the stock poly caps replaced with Auricaps (used Obbligato Gold in my friends pair - even better) and resistor changed to MOX and as you see in the pic the inductor is a little more substantial than those removed
There's a lot more to a speaker then just caps, like inductors and of course resistors. But inductors are very serious. I have found their influence to be much more than caps IMO. But don't get me wrong I think everything matters.
Here is a site that has some excellent FAQ's on inductors at the bottom of the page but the whole page is enlightening.
http://www.northcreekmusic.com/COILS.html
In my case doing what I did was a serious improvement. Far more than then I ever expected and enough to drop peoples jaws when contrasted to a pair of the same factory stock speakers. I invite anyone in the midwest to hear them for themselves if they wish.
My speaker was relatively inexpensive a Klipsch Forte with some of the usual tricks like Crites Titanium Tweeters and the Klipsch Titanium Mids added.
My networks are outboard. I stuck about $2000 into the networks. Not that one has spend this much to get startling results. I have seen people spend as little as $600 on a $600 speaker and I have seen one person spend about a $1000 on parts with the same speaker I have but with some compromise. He was thrilled! I think the thread title says it all.
http://www.audiokarma.org/forums/showthread.php?t=516254
The nice thing about these speakers is that the parts values are relatively low and that allows one to use some of the best high subjective quality parts.
Here's my project contrasting the stock networks
Here is another Klipsch product, Rf25's that my friend DaveC put $600 into. In his words the speakers are just explosive!
In essence its possible if you go far enough to make even relatively inexpensive speakers like these sound as though they cost many times their original value. The contrast in size alone is just as well represented in the musics increase in foundation and size.
SET12