I didn't know about the caow1 mtm, I haven't browsed madisound in a while, but I thought he was working on a caow1 3-way, which when I was building my mbow1s, he wasn't. So the caow1 isn't a bad deal. It also doesn't measure quite as smoothly and Dennis wasn't sure for at least several months whether the caow1 sounded better than the mbow1 or just different, so they're very close in sound. Today, I would probably go with the one that offers the most options you are interested in, whether 3 way or mtm. I'd go for the 3 way option myself.