I'm continually of the mind that amps with extension cabs are the best coverage solution. If I were building a compact yet powerful system to cover a lot of space, I'd be looking at a Tonematch with two Jam 100's, Jam 150 ext cabs or two k8s.
If money was the big issue, I'd do two Loudbox minis, or a Loudbox artist and a mini. If really cheap were the goal, two demo Bugera AC60's and you're done for under $400.
And bassy was not the problem with the Nano system I heard. It sounded hollow, nasal and cheap.
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