Using PA Speakers In A Home "Audiophile" Application!

@OP, just coming back regarding the Yamaha speaker you posted. While the specs mention "full range", that speaker is actually for what back in my live sound days, we would call a 'vocal PA' i.e. really designed for sound reinforcement of vocals, guitars and keys but not bass and drums - typically the kind of PA you'd use in a small pub.

One other observation, a couple of posts conflate pro sound with studio sound. Studio monitors are totally different in design to PA speakers and there are plenty of studio monitors that are entirely usable domestically.

@OP - the Toddalin clip gives a fair impression of what PA speakers sound like reproducing music - and that's a pair of fairly high quality speakers. Each to their own, but PA speakers are built primarily for generating high spls without blowing up and for ruggedness of transport. Their sound quality is in inverse proportion to their dB per dollar. Personally, I wouldn't recommend it.

@benanders. You touch on an important point, but particularly with regard to electric music. The use of compression in recording limits dynamic range relative to what you'd hear from a live band. In addition, not always, but a lot of the time, there are many more instrument tracks on a studio recording than a band will reproduce in a live setting. That leaves more dynamic space for each instrument being played live and makes it more of a visceral experience. 

As regards lower priced studio monitors - the answer is no. Price for price, the equivalent studio monitor to an affordable PA speaker will almost always be a two way desktop system with a bass-mid unit around six inches.

Good properly full range studio monitors don't come cheap.