Sorry, I didn't mean to imply that they would sound the same, just that they are likely to be similar in power-handling capability. AND...IMHO, just about as likely to be appropriate to the poster's intended purpose, whatever it is. My advice to the OP is: before you put any effort into rehab-ing the cab, stick the replacement driver in it and play through it by itself. Then at least you would have some idea if the combination of those two elements is going to give you any sort of usable results. Swapping drivers in and out of cabs willy-nilly typically doesn't yield an improvement to anything. Presuming that your "EV" driver is a bass driver, and presuming that the Peavey cab is a ported, bass-reflex box (both huge presumptions), then you still have a big unknown factor in what resonant frequency the box is tuned to. I suppose one could do a little reverse-engineering and suss that out, but that couldn't possibly be worth the effort, and I doubt the OP has the expertise. Hence, the brute force method...just stick the driver in the box, turn it up and see if you like what you hear at all. Even if you do, you then have to figure out how to integrate it into your rig, which is likely to be a formidable task. Given that you have a 4-ohm box already, it doesn't seem likely that you could just plug the two cabs in parallel. If you already have a second channel of amplification available to you, I guess that wouldn't be an unsurmountable problem, but at some point one needs to figure out what the ultimate objective is. If the OP's goal in pairing a 15" speaker with his 4x10 box is to get "better low end", (again, a big presumption) then this sort of crap-shoot approach to isn't likely to lead to the desired result . But it won't take much effort to stick the driver in the box to see what happens, presuming it's just simple bolt-in swap. I certainly wouldn't invest much time or effort in it until you know what the combination of speaker and box sounds like. And BTW, then you'll know if the other driver will even fit in the box...IIRC, I have run into problems putting EV drivers in cut-outs for other speakers, at least when front-mounting them. OP, I wish you luck but I wouldn't get your hopes up too much.