Hi Yes you are quite correct that the speakers are co-axial speakers, to replace them with "better sounding" speakers you should be aware that some Amps may not be adequate to drive your new speakers, so be sure you have an amp that is capable, or you may have far worse sound than you do now such as a lot of bass distortion, a bit of roll-off, so check the specs on the amp and match the speakers to it
saves a big headache and money.
Geert