The specifications of stock speakers are never published so this is not a case where you can just shop around on the net for speakers with better numbers. It's gonna be trial and error. Mostly, like redbenjoe says, if you really want to replace them, get the most efficient speakers you can as most boomboxes have limited power and with limited headroom, need the speakers to be as efficient as possible. Personally, I'd say keep the stock speakers unless you have specific reasons to replace them. The M70's with non-stock speakers were probably done out of necessity rather than for reasons of speaker upgrading. The M70 is well known as a very powerful boombox for it's size. It uses 8 ohms speakers and you can get more observed volume from 6 or 4 ohm speakers although I would recommend against it -- it's not needed as the M70's AN7145 amp is very powerful due to JVC's implementation of that amp in a BTL configuration.
In short, leave everything the way it is -- it's already a top rated boombox in stock configuration and unless you want a different look, there should be no reason to replace them.