What you see in the frequency response of the B&W CM1, where there is a lowered response in the upper mid range, is often called the "BBC dip". According to the lore, it was developed in an earlier British speaker design, and was often imitated by other commercial British speaker companies.
"According to Harbeth's founder, who worked at the BBC during the time that this psychoacoustic effect was being explored, the primary benefit this little dip gave was in masking of defects in the early plastic cone drive units available in the 1960's. A spin-off benefit was that it appeared to move the sound stage backwards away from the studio manager who was sitting rather closer to the speakers in the cramped control room than he would ideally wish for. (See also Designer's Notebook Chapter 7). The depth of this depression was set by 'over-equalisation' in the crossover by about 3dB or so, which is an extreme amount for general home listening. We have never applied this selective dip but have taken care to carefully contour the response right across the frequency spectrum for a correctly balanced sound. Although as numbers, 1kHz and 4kHz sound almost adjacent in an audio spectrum of 20Hz to 20kHz, the way we perceive energy changes at 1kHz or 4kHz has a very different psychoacoustic effect: lifting the 1kHz region adds presence (this is used to good effect in the LS3/5a) to the sound, but the 4kHz region adds 'bite' - a cutting incisiveness which if over-done is very unpleasant and irritating."
Search Google for "BBC dip". Here are two hits from that search worth reading.
https://hydrogenaud.io/index.php/topic,75195.0.html (I found the paragraph I quoted above in this thread.)
https://forums.audioholics.com/forums/threads/should-speakers-be-designed-to-have-a-flat-spl.86954/
Note that Dennis Murphy has much to say, in this thread, on the subject of flat vs. BBC dip in loudspeakers. Hint, he doesn't like the BBC dip.