For speakers, what specifications would be analogous to horsepower, torque, etc. that would determine one speaker being better than another, other than actually listening to the speaker in a store.
There are other specs that have some baring on sound quality, but the single most important thing to look at is frequency response.
It is, however, very important to remember that the typical spec of "40Hz to 20kHz +/- 3dB" (or something similar) that manufactures usually provide is
useless. Measurements made by a third party and presented as a graph can provide the most useful information about a loudspeaker. I did, of course, say "
can" provide the most useful information, not "
will" provide the most useful information; this is because the detail and resolution of the measurements is very important in ascertaining the performance of a speaker.
Flattish and smooth is what to look for in the on-axis frequency response, smooth and close in level to the on-axis response is something to look for in the off-axis response (bear in mind that as frequency increases, so does the directivity of typical loudspeaker drivers, so as frequency increases, the on and off-axis response curves will separate more). And it is very important that there be off-axis response curves (preferably to at least 60 degrees off-axis), because they will give you an idea of the quality of the reflected sound.