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Welcome to AC! - There are alternatives. Where are you located?
Hey Tom, welcome. Yes, the cheap and cheerful circle is your home here. We specialize in limited funds stereo, in fact it's a rule that you can't spend too much, $1000 is the limit for a complete system. Dennis has a new affordable monitor, not the Pioneer, but rather the Dayton speaker. And GR Research has done cheap kits.
Welcome, TomRob.Re Dennis Murphy- check his site, he is now "modding" a different mini-monitor since the Pioneer pricing situation made that option untenable. It's a homely piece from Parts Express, but who cares- having heard Dennis' modded Pioneers, I'll bet it kicks a**.
Someone published a photo how-to on the Pioneer mod and I believe Dennis vetted it. That one was a little more intricate as it did involve some cabinet work to accommodate the tweeter substitution. The PE- based system AFAIK simply involves a crossover revision and some extra cabinet damping, and thus no woodworking. Since you indicate you can solder, you'd only need the appropriate parts and a good set of instructions. Dennis' modded price is barely more than the bone-stock version- he presumably is getting at least something of a quantity break in his purchasing. So unless you already have a pair that you want to "mod" yourself, it probably would make more sense to buy from him- unless it might work for him to offer a "kit" version with everything you need to accomplish the "mod" and save himself the labor time. The speaker comes from PE as a kit anyway, with a preassembled cabinet, requiring only mounting and connecting the crossover and drivers. Don't know if he'll see this, but you could always contact him through the Philharmonic website and ask.