I'd guess that few people (in practice) judge a system by it's fidelity to the live performance that the recording in use represents. As several have noted above few people have had the opportunity to compare. Even for those who have had the opportunity (I had one such as e.p. on a wonderful cd - virtuoso French horn player Richard Todd's "With A Twist"). The recording process makes direct comparison difficult. The sound of Richard's horn, live in the studio vs via the monitors, vs via the monitors in the mix all differed - sometimes subtly, occassionally less so.
IME, most people judge a system on whether the illusion of some abstract live perfomance is convincing. This abstract illusion is more a platonic ideal than a real world reference point.
As a practical matter, the ability of a system to produce such an illusion is related to, but not identical to, what is on the recording. A great recording provides a great system an opportunity to prove convincing.
The original question posed here "Is this the closest approach" can't be answered. For timbre, detail, midrange purity, and several other components of the illusion, a Quad based system that is seamlessly extended into deep bass is one very effective approach. For the full impact illusion of a rock band at/near live volume levels, it cannot touch -IMHO- a big MBL or many other monster dynamic systems. Conversely, these dynamic systems - again IMHO - fall short of the Quad on those qualities that make the Quad so effective.
IMHO, the closest approach depends on the system, the recording, the type of music, and the particular priorities of the listener at hand. I've never heard a system that is al things to all listeners on all recordings.
Marty
IME, most people judge a system on whether the illusion of some abstract live perfomance is convincing. This abstract illusion is more a platonic ideal than a real world reference point.
As a practical matter, the ability of a system to produce such an illusion is related to, but not identical to, what is on the recording. A great recording provides a great system an opportunity to prove convincing.
The original question posed here "Is this the closest approach" can't be answered. For timbre, detail, midrange purity, and several other components of the illusion, a Quad based system that is seamlessly extended into deep bass is one very effective approach. For the full impact illusion of a rock band at/near live volume levels, it cannot touch -IMHO- a big MBL or many other monster dynamic systems. Conversely, these dynamic systems - again IMHO - fall short of the Quad on those qualities that make the Quad so effective.
IMHO, the closest approach depends on the system, the recording, the type of music, and the particular priorities of the listener at hand. I've never heard a system that is al things to all listeners on all recordings.
Marty