Before you plan on placement, let me tell you a story about my room.
I had the back wall totally killed with Auralex, and the front half of the side walls totally killed, since this is where I thought the most reflections from the monitors would be.
Proud as I was with how dead the room was, I showed it off to my significant other. I clapped and there was no ring / echo. She clapped and there was (much to my suprise.)
You see, the back half of both side walls had no treatment, and where there are 2 untreated parallel walls, there is ring.
Now you might be smarter than I was at that time and you might know this already, but ill state it anyway. The rule: never let both sides of 2 opposing parallel surfaces be untreated.
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As far as sounding too dead... my 12 X 10 room is almost a sonic black hole. I do vocal recordings in that room, and add in reverb later. IMO there is no other way to make decent vocal recordings in a room so small.
If you have a bigger room, then you rooms natural sound might not be as evil as mine.
Also, you can consider diffusion in conjunction to absorption. The theory there is to spread the sound around, so that’s it’s not reflected directly back at you. From what I understand, this allows you to kill the ring / echo without creating an extremely dead room, which is probably closer to ideal than treating the hell outa a room with Auralex or O-C 703.
What’s the spec. they talk about... RT60? Which is the time it takes for the echoes and reverberation in a room to reach an inaudible level. I think the goal is .5 seconds across the entire frequency spectrum. I suppose the art is to get an ideal RT60 while killing any ring / echo caused phase problems / standing waves and what not. Some guys here go to huge lengths for that...