Agreed - perhaps my definition is a bit broader. I define dynamics not only as the variation between the loudest and softest passages, but also the level of articulation provided. I've heard speakers that can track the variations in intensity just fine, yet the detail of the different elements was lacking. To me, I would not define such a speaker as dynamic. Perhaps others would.
As far as the rest of the measurements are concerned? I'm with you; I think if you look at all of the data -- waterfall, compression, etc. -- you can draw a pretty accurate conclusion about a speakers potential, but to me it seems that would still be speculative until you actually heard it. I'm not convinced, however, that you can make the same assessment by the compression sweep alone. It takes more then just a single test to get an understanding of the dynamics, and ultimately I think you need to judge it by ear as well.