Can you have too much speaker presence?

My dealer says I’d lose too much speaker presence if I went to a smaller speaker…

but can too much become and issue, especially when it is centered in a specific frequency range?

Lose too much “speaker presence?” Seriously??? Can’t believe a dealer even used that term. If any frequency range is being emphasized (or de emphasized) it’s a problem. Depends on how big your room is, room treatments, speaker/seating position, ancillary equipment, etc., etc. Too many variables here for any of us to give you any meaningful help, and we’re just throwing darts at a board blindfolded here. Share more info and you’ll get some meaningful help/advice here. Keep everything secret and all you’ll get are largely random guesses. Up to you chief. I will say that, depending on room size, sometimes going with monitors and two subs can be preferable to towers for several reasons, but as we basically know nothing it’s impossible to say if that’s something to consider here or not.

"My dealer says I’d lose too much speaker presence if I went to a smaller speaker."

Translation:

"My dealer says he’d lose too much commission if I went to a smaller speaker."

@ Tony1954 - the smaller speakers are actually quite a bit more expensive! 
Sarcasm only works when you know all the facts:)

Sound wise, stage presentation, YES! I prefer the original room acoustics.of the recording. Not the players in my room.

FWIW when I have seen the word 'presence' it has been referring to the mid/upper mid range. I agree with Soix. But I would opine that your dealer was telling you these speakers would just be too small in your large (enuf) room, something you could cure with good well set up sub woofers. Another WAG though. :-)