There is no speaker industry standard for measuring speaker sensitivity. Klipsch may have it's own way, and other companies will have theirs. As a result, it's difficult to make direct comparisons among different makes of speakers.
Some companies measure sensitivity with the speaker close to a wall behind the speaker, or even in a corner. Others measure it with the speaker several feet away from a wall behind the speaker. The reinforcement from nearby walls can make a big difference.
Speaker companies are aware that people pay attention to sensitivity numbers, and that publishing higher sensitivities make more sales. That leads some speaker makers exaggerate their sensitivity numbers.
I wish there was an industry standard. The Canadian National Research Council does show speaker sensitivities when measured in their anechoeic chamber (with little or no reinforcement from walls), averaging the SPL over a range of frequencies from 300Hz to 3kHz, when powering the speaker with 2.83V, and when the measuring microphone is 1 meter away. If all speaker makers followed that standard, it might eliminate a lot of the exaggeration.
High sensitivity does not indicate better speaker sound quality. It just means less amp wattage is required for it to play loud. Far too many people confuse loud for high quality sound.
104 dB/watt at 1 meter is extremely sensitive. I think anything more than an honest 92 dB is actually very sensitive. Sensitivities of 86-88 dB are average. 84 dB or less, in insensitive.
Yes, you can hear a 4 dB difference in sensitivities, even 3 dB, and sometimes less.