Hi Vivek,
Let me clarify that when it comes to the vintage vs. modern debate, I am not a blind follower of any camp. I look at the situation as what is best for me and how I can get it at the most reasonable investment/performance ratio.
My listening areas are of an average size of 15x20 and some are even smaller. I do not need big brute 500/1000/2000 wpc amps for these spaces. My amps are 3 to 40wpc, valve and ss. As I am now taking the class A route the amps shall be 3 to 6 wpc. As I do not use amps that can be fill a football arena with sound, I do not need speakers that can handle such amps. I agree that speakers with modern materials like Kevlar cones, kapton or Hisco formers and super duper cooling technology are far better suited for such amps when compared to vintage stuff, but as I do not use modern super powerful amps, I do not require such speakers.
Paper cones with paper or cloth surround, paper coils, Bakelite diaphragms make up a lightweight moving structure that can react instantly to the signals from a modest power amp and can be easily controlled by such amps. Paper cones have a natural lifelike tone that I love. As such drivers are not available from manufacturers in sizes larger than 8. I and others who are in a similar situation take the refurbished vintage driver route.
The Alnico vs. Ferrite debate is an important chapter in the modern against vintage Hi-Fi face off. Again, I am on neutral territory here. I have quite a few vintage ferrite drivers that sound great. Examples are Jensen DL220 and Wharfedale RSD Super 8. The DL220 has been equated with Altec 414 by Joseph Esmilla of JE Labs fame.
JE Labs Arkiv: 12" Co-Ax Driver Survey
JBL has published a white paper on how they have designed their ferrite magnet structure to sound as good as the Alnico.
I congratulate you on taking up the challenge of making a Altec 416 clone. Please do inform us when it is completed.
Regards,