Matthew,
Agreed. It may not make much difference at very low frequencies; especially for small rooms. If you've got a 1ms or 2ms delay at 20Hz or 30Hz then the problem (while there) will most likely be inaudible.
However, it is not uncommon in some home theatres to have speakers which have a 5 to 10 foot difference in distance from the listening position. A 5ms or 6ms delay on a 80Hz or 100Hz signal (both of which could end up in the subwoofer) would place one signal 180 degrees out of phase with the other. While you wouldn't get perfect cancellation (they are different signals after all), you will get bass problems. Even small delays can lead to the bass sounding muddy instead of tight.
The bottom line was that there is a chance of creating bass problems by placing the ICBM after the 950. And my point was that I don't think it's worth the risk to do that when the solution is so simple: place any bass management before the 950. You can get lucky with the former set-up, and either not have a problem or have phase problems that are inaudible; but what do you have to gain by taking that risk?
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Sanjay
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Sanjay