Hi folks, I’m new to this forum. Just wondering how much can an upgrade of crossover change the way the speaker sounds.
First of all, welcome to AudioHolics
Answering your first question depends on the crossover design that was originally in the speaker. If the design is good, or good enough, there is no benefit from a new or different design. If not, a complete redesign could make a real improvement.
… I mean if you just replace cheap capacitors and resistors for higher quality ones.
No. Just replacing old crossover components with new, more expensive ones, will not make any difference. If the original design was actually good, and one or several capacitors have drifted out of spec, or failed outright, replacing the old caps should help.
Don't waste any money on new or 'high quality' resistors, unless the existing resistors have completely failed.
But if the original design was not adequate, as is the case for many older speakers, replacing the capacitors and resistors while keeping the poor design, will not convert it into a good design.
There is a widespread notion that manufacturing materials, as well as prices, of crossover components make an audible difference in a speaker's overall sound quality. This is an unfortunate myth, and it has been clearly demonstrated to be false.
Crossover design matters. Crossover parts that are out of spec matter. But crossover part materials don't matter. This is exactly like the false myth that speaker cable materials, such as silver wire with Teflon insulation, allow better sound quality than standard copper wires with PVC insulation.