the majority of our live experiences today are amplified. individual acoustic guitars with pickups, upright bass with pickups, mics, guitar amps with speakers, stage located speakers (musician monitors and front facing), wall of sound, ceiling hung speakers, ....
The many times we saw him, Tony Bennet demonstrated filling Radio City Music Hall a capella with no mic, all the way to the upper decks, but he sure sounded better using a mic and the house system.
the space's acoustics; which seat's you get; sound system engineer's skills; some are awesome, some truly suck, big medium or small.
lps, the recording space, the equipment and engineer's skills and all the subsequent decisions by all the people at every stage are paramount to enjoyable or superior playback.
IOW, it's hit or miss, live or recorded, and I could care less about the difference between .... and .... just gimme something really enjoyable.
I've walked out of many live performances, refused to go to certain venue, .... knowing it SUCKS compared to what I enjoy at home.