Agreed, it apparently was Lansing's attempt to replicate his original Altec Lansing field coil horn driver's performance with a permanent magnet variant. If you can find any decent original, or at least re-coned within a few years of its date code, the 418-8LF is as close a clone as you're going to find other than JBL's E130 AFAIK.
FWIW, I did a bunch of empirical testing of a single 604E in one of my ex DIY 825 cabs [3/4" no void marine ply, mucho bracing/damping] and among other tests, used a 500 Hz/2nd order [autoformer] XO to blend the 511 perched on top to it and with just the XO and both horns disconnected we [me and its owner] couldn't tell anything useful compared to the 416 in his other cab or even my dual 515Bs in 210 cabs, i.e., they all sounded like 'mud' sloshing around inside, with no definition/tone/whatever you want to call it 'cause we sure couldn't hear anything like music.
That said, the 515B's are a little bass shy with more 'detail'/'sweetness' on the top end compared to the 416, so one can either use EQ and/or raise cab tuning to deal with the low end and is a better choice if using either higher XO points or lower slope orders.
FWIW, me and others [according to the local Altec dist. at the time] have used 515Bs WFO [no XO] and 802 drivers with just a baffle thickness horn 'end correction' flare [some not even this, though don't recommend it], 5 kHz high pass with surprising success, though obviously they have a narrow 'sweet spot'.
There's also been experimentation and at least one boutique manufacturer that's used the 802 as a dome radiator with the throat inlet stuffed to 'taste' to increase its 'sweet spot' a bit.
In short, anybody wants mine will probably have to pry them from my cold, dead hands.
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