OK, ya got me. I was off by 3/4", but that really doesn't, to me, a sigle driver of this size doesn't constitute a full range speaker. Small stand-mounts age great for some things but I like more than "little girl with guitar" music. I'm sure it's midrange is sweet and it's highs are to die for, but I don't like having to depend on a subwoofer to get reasonable bass. There's now way these alone will do justice to a double bass, not to mention an electric bass.
With his budget I'd be looking at some smallish floor standers.
These or
these or even
these spring to mind, but I'm sure there are others out there.
And, even these might benefit from a sub, particularly the ML, but I've heard that type of speaker/tweeter, and it's schweet.
And, I've owned the MMGs and traded up to their 1.6s. I really think they like more power than this receiver puts out, at least if there's no sub involved.