We had this debate a couple of years ago at Gore Mt. The ski club wanted to install speakers most of the way up the hill for coaches, etc to hear the announcer. We have a 12 pair, 18ga solid gel filled, direct burial wire running all the way up the hill. Since I only use a few of the pairs at any race and there are lots of extra pairs, the thought was to use a couple of pairs to drive the speakers. (Even for blind finish races I use only 5 or 6 pairs - 2 start, 2 finish - 2 comm.) After seeing this done at another area, and the subsequent related problems, I convinced them not to do it and spend the money on another wire.
We ended up running 4000 feet of 14/2 direct burial romex wire. (Overkill, I konw but it was 4 years ago and copper was much cheaper then. It cost about $150 per 1000' roll) We have 7 Bogen speakers on the hill, each with individual shut off switches installed at the base of the trees they are mounted on. These speakers run in 70v mode. The amplifier has outputs for both 8 ohm and 70v so there are matching transformers on each end. The system plays music OK, as long as you keep the volume down, but can blast voice across half the mountain if we want to. Its great for getting announcements to the racers and coaches while they are inspecting. The Bogen speakers are pretty expensive. About $125 each. We already had the amplifier. Best of all, there is no conflict with the timing system.