I have a neodymium Eminence C2515, which reminds me a lot of the Altec 421's I had back in the good old days.
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While there are many drivers of many sizes available these days that can reproduce low frequencies accurately, I have never heard anything that reproduces the low end of a double bass with as much authority as a good 15 speaker. I also prefer the way a 15-inch driver like the Eminence C2515 reproduces the upper bass and low mids of a double bass, which to me are what gives the instrument much of its character.
Finally... to produce a given SPL at a given low frequency, the cone of a 15-inch driver has to move less than a driver of a smaller diameter. And the cone of a smaller driver requires a longer excursion to reproduce the same SPL as a larger driver at a given low frequency. This is just simple physics.