Johnk,
I am so much in agreement with you on how good the old WE, Shearer, etc. systems (or modern systems built around old drivers/parts) can sound. Most listeners have not had the opportunity to hear such systems at all, much less at their best. Yes, the compact, art deco WE 753 is quite a nice system, but, it is quite expensive these days and it is hard to find all of the drivers in good working order (a friend just bought one which, unfortunately, had a bad 713 driver). I heard a fantastic open baffle system that utilized a cabinet that is a replica of the 753 but housed a Jensen M10 field coil driver plus a tweeter (probably a 302); this was a fantastic speaker (I am thinking about a similar speaker utilizing the Jensen M10 and a WE 597 tweeter or a Japanese 597 replica).
I agree with your earlier comment about Tungar power supplies for field coils. I have heard both vintage Tungars and Tungars with hand-wound rebuilt transformers and I have heard them in comparison to some very nice modern solid state power supplies. I happen to like the Tungars more, a result I was not really expecting. The rebuilt Tungar I heard was dead quiet--no hum from the speaker or mechanical hum from the Tungar at all.
These vintage systems are certainly not for everyone's taste, particularly if extremely loud and deep bass is a priority, but, from the upper bass on up, these speakers can be magical.