I hate to rain on anyone's parade, but no amount of vinyl is going to fix an untreated room that is perilously close to a perfect cube. Fortunately, these two solutions are not mutually exclusive. But everything in its proper order.
@dep14 offers excellent advice with respect to going slowly on room treatment. One too many traps, or one trap poorly located, can suck the life out of a room. With respect to the OPs goals, in my opinion the best bang for the buck is going to be addressing whatever low frequency ringing may be present and judiciously treating first reflection points. However, there is nothing cheaper than free, so the first step is optimal placement of speakers and listening position. Properly treating a room is an exercise in patience. Measure, interpret, treat modestly, then repeat.
@dep14 offers excellent advice with respect to going slowly on room treatment. One too many traps, or one trap poorly located, can suck the life out of a room. With respect to the OPs goals, in my opinion the best bang for the buck is going to be addressing whatever low frequency ringing may be present and judiciously treating first reflection points. However, there is nothing cheaper than free, so the first step is optimal placement of speakers and listening position. Properly treating a room is an exercise in patience. Measure, interpret, treat modestly, then repeat.