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The Ceol Picollo speakers seem to be rated 70 Hz – 20 kHz (at whatever points.. I'm guessing -3dB); if you're looking for even smaller speakers, you'll be losing even more bass. It's not a waste of time, just don't expect much bass at all.
The HTS2001.3 satellite for example is rated 80Hz - 27kHz; which KEF satellites are you actually looking at?