These particular 15" or 18" waveguides wave guides work well with a 15" woofer. Time delay? The depth of the woofer and the waveguide are similar and if it's an issue it can be mitigated with dsp or adjust the cabinet a bit.
It actually doesn't work that way. With a big wave guide and a big woofer the center to center spacing can be 16" or more apart. Now you can use common DSP crossovers (which sound horrible) to adjust for time delay on axis and get them in phase. However, as you move a microphone up vertically you'll see that the change in distance between the two drivers will cause them to be out of phase and cause a cancellation that can be a 15db hole. So while the horizontal off axis looks great, the vertical can be a mess.
Well... I will soon see if it works 'cause I'm just finishing up my bass bins for the TD15Ms'. The SEOS18/compression drivers waveguides will be mounted on top in removable boxes that will allow a little adjustment for depth spacing. The 1" comp. driver I'll use goes down to 650hz so it'll be about there where I'll crossover.
That will be your saving grace (the low crossover point).
Since I'm crossing this low maybe time delay issues won't be so important.
650Hz is about 20.5" long wavelengths. If you can keep the acoustic centers less than that then it won't be too bad.
If you go elsewhere there are many testimonials to the sound quality of similar SEOS based speakers. Geddes speakers employ a round WG which have a greater center to center distance than SEOS and he also had to deal with time delay issues too.
I have heard that those have a significant hole in the vertical off axis, but have not measured a pair myself.
I think you have a good understanding of the principles. Hopefully it will work out well for you.