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Paper is OK if your not driving them any place near clipping. They are not very forgiving if you lose a speaker in Parralle. The resistance change will destroy one fast.
Driving a speaker to distortion. If the speaker is rated at let say 300 watts RMS at 0.3% THD and you drive a signal to say 400 watts then it spikes from a high signal you can reach 600 watts easy on the spike. the speaker will run the coil or rip the speaker from over extension.
Some are better at handling over extension or spikes then others. But yes don't over amp one or you will be buying a new one. I match my speakers to my amps so as not to distort them. I like SQL over screw losening SPL.
You might also look at polypropolene (rubber-based) cones and metal (aluminum or titanium) cone subs. Eclipse makes some aluminum and titanium cone subs that sound GREAT if you're into SQ rather then SPL.
Treated/poly-coated paper woofers are a great alternative to just standard paper woofers you find in some low end home audio systems. But even those sound good as long as you don't try to overpower them like has already been mentioned. One thing though, if you live in a humid/moist environment a standard paper cone might not be a good idea.
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