
After watching Danny upgrade another Mordaunt Short model, I was motivated to upgrade mine.I'm matching the part values on the stock crossover with higher grade components. Since I own 2 pairs, my first objective is to upgrade one pair first. Eventually I'll do a true A-B comparison, determining how much the upgrades improved the speakers.
Removal of the drivers, binding post cup, I noticed the crossover is literally attached to the back of the binding post cup. The Carnival 2’s have a first order crossover. This basic crossover consist of only three components. A 3.3 ohm 7-watt sand cast resistor, a 3.9 uF 250 volt polypropylene capacitor, lastly an iron core inductor. The crossover is only 3 ¼” x 5 ½” in size approximately.
New upgraded parts consist of the following: 1.) Dayton 3.3 ohm 20 watt air core precision grade resistor 
https://www.daytonaudio.com/product/1700/dpr20-3-3-3-3-ohm-20-watt-precision-1-audio-grade-resistor2.) Correction, Duelund capacitors 
https://partsconnexion.com/duelund-capacitor-3-9uf-250vdc-cast-pp-series-metalized-polypropylene/?searchid=982721&search_query=duelund+capacitors3.) High purity OFC 8N 16 gauge copper wire, for rewiring crossover, speakers, and rear binding post.
4.) Simple 1/2” popular wood dowel, used as a cross brace, to tighten up cabinet resonances even more.
The dowel is very short, it only spans between the interior side walls approximately 5 ¼”. After installing the dowels, the speaker cabinet is more taunt than my NX-Studio’s. Although the speaker is tiny, dimensions are 12 9/16” H x 6 ½” W x 8 5/8” D.  Since it’s cylindrical it’s aerodynamic too, in case the woofer throws too much air! Yeah yeah bad joke!
5.) GR-RESEARCH NoRez
6.) Pure copper Binding Post
I’ve completed modifications to the level, I'm capable of to this point. I have a 100 hours burned in so far, and still going. Dueland capacitors require between 200-250 hours of burn in time, I've heard.
Preliminary assessment burned in at 100 hours, It goes back and forth, from midrange being forward to more laid back other times. Certain horns can be a bit more forward than to my taste, from time to time. 
Even though the crossover parts are still burning in and not at their peak performance, there still is a noticeable improvement. Detail, transparency, sound stage is huge, for being in a smaller room setting, this is very impressive, to say the least. Separation between instruments is more precise. Female vocals and string instruments breathe naturally. Overall, the new parts provide improvement, I'm pleased with the results. Now I want Danny to bench test one. We talked about the speaker, he mentioned the iron core inductor is holding it back now. He generously offered to bench test it for free. Then he can decide what value air core inductor would be a compatible fit.
More updates and photo's eventually.