You often hear of planars, ribbons and electrostatics being labeled as fast. The transient response is superior to a cones due to little moving mass. It's a tiny fraction of what a cone driver uses. The mass of a cone can be ten or more times higher than a ribbon or planar. The planars on my speakers weigh 1.5 grams. Compared to a cone plus of course it's voice coil it's a small fraction of the equivalent cone.
True that they are often 'labeled' as fast.
However Moving mass has little to do with it. It is a combination of things, and I have my opinion of what 'sounds' fast, but it has little to do with the physical properties of the speaker, mms, compliance etc.
Ribbons and planars do take advantage of the fact that the diaphragms are light weight, however they use very small magnets. Most of what you see in a ribbon back ends are the impedance transformer. Most planars typically use bar type magnets across the back of the diaphragm. 1-2mm in diameter and the width of the diaphragm. Likewise, heavier dome type tweeters use larger magnet systems. However, it is certainly possible for a dome tweeter to have the high frequency extension of a planar or ribbon. Of course HF extension, rise time, impulse/step response etc. are all one in the same.
I would make a good guess that the total moving mass of one of the big Magnepans is not that much different than a dynamic driver speaker that has similar bass performance.
The bottom line that I am not so eloquently getting at is that 'speed' is merely a fair term to describe the sound of a speaker by, but really has little to do with the drivers, and especially their moving mass.
To widen the discussion a little bit, I will give some of my opinion of what makes people thing something sounds 'fast'. First lets think about 'slow' and one thing that I have heard, and I think some will agree is that ported systems can sound slow, where sealed can sound quicker. While this is partially true, this comes from what the High-Pass function does to the sound. The steeper the High-pass is, the more delayed the frequencies at and just above the roll-off are delayed and the more that they 'ring'. A sealed system has a 2nd order (12dB/octave) roll off and a ported system tends towards a 4th order system (24 db/octave) roll off. Some ported systems can be tuned to have a hump, and will in some cases, initially roll-off at something greater than 24dB/octave, giving them more boom, poorer transient response and more group delay (1/f * phase shift(f)). So, among other things, speed can be had by properly designed ported systems as well as sealed systems.
Also, LF drivers that have too much output in the 60-100Hz region can sound fast and punchy, but this is just a tonal issue, while this can sound exciting and fast on rock, jazz and pop music, things like chamber reverb and deep orchestral notes will be washed out and out of balance on a system like this. Single instruments that play through this region will also sound incorrect, and can lead to say a thin sounding stand-up bass.
-Paul Hilgeman