One of my more recent posts on the two-box model explored the space of possible underlying models for a given empirical fit by fixing heat capacities of the two boxes and varying the heat transfer rate. Keeping the time constants positive restricts the range of allowed heat capacities considerably, while forcing fraction (x) and temperature measurement fraction (y) also provide some constraints given the expectation they must lie between 0 and 1 (and must have actual solutions). Even among solutions satisfying those constraints, there is a further condition that the results look reasonable - as pointed out there and by Lucia here, some of the solutions produce wildly different response levels for the two boxes, which seems unrealistic for systems that should roughly correspond to sub-components of Earth's climate.