I've "talked" (in the online sense) to other designers: I can assure you their opinions run the gamut, too. I also voted "#3". No one can convince me we can describe sound adequately with just the measurements we use now. However, I do think one day we will be able to. That's just the optimistic scientist in me, I guess. Everying that's not flatly in violation of the laws of physics, is inevitable.
Actually, the way you describe it falls under #3 almost word for word.
We could argue about specs no end, but let me put it this way, as a personal example.
Someone shows me an amp which is ultra linear and has a great damping factor, say 200:1 into 8 ohms, 20...20,000 Hz. Unlike most (I believe), I wouldn't jump up from happiness because we all know a good damping factor is necessary, rather I'd peek inside to count the number od devices the man uses at the output. If I see less than three or four pairs, depending on device type, I'd walk away, because I'd know he probably used a lot of feedback to get it that low.
And if he does have an inductor at the output, I'd KNOW for a fact the man is using a truckful of NFB.
The point is, specs are MOST useful if you know how to interpret them properly. They do tell us quite a lot, perhaps even most of the story, but I know for a fact they can never tell the WHOLE story, not even electrically, let alone acoustically.
While experimenting the other day, I brainstormed a method of connecting the circuit that I have never seen done anywhere before. I have no idea if I just innovated or not, nor do I care, but I do know that amp will sound better than your ordinary types. It will have better real life speaker control because it is very insesitive to speakers, even such catastrophic loads as 2 ohms in parallel with 3.3uF. Try that at home if you want to burn your amp, or chech out whether its protection circuits still work.
However, while I now know for a fact that it will keep its cool far longer and far better than all others I have see to date, I still don't know what it will actually sound like. Nor will I until I assemble it and try it out.
You see the paradox? Specs can tell you a hell of a lot, but they never ever tell you exactly how something sounds - bright, dark, easy, heavy, whatever. It's quite possible my "new" circuit may sound just so-so, no better.
Cheers,
DVV