Stuffing converts the sound waves into heat, which damps & slows the interior bouncing of the waves. Yes, it has an effect similar to increasing the cabinet volume. But the coefficient of absorption of fiberglass insulation in the audio range is quite non-linear, reflecting negatively on performance. This is why polyester, with more linearity, sounds better. When I used to build speakers my favorite was to line the inner walls with 1/4" thick brown utility (wall) cork & tune the system for no stuffing.
Transient impact & speed is audibly increased when the foam gasket tape on the drivers is replaced with clear silicone sealant, eliminating the spring effect of the foam, which damps transients. The silicone makes service a total hassle, so consider that, otherwise all systems go.