It may be helpful to clarify what genres of music we are talking about.
I understand the point about realism when trying to recreate sitting at an unamplified piano recital. I don't understand the point about realism when trying to recreate the sound of listening live to electrically amplified guitars, bass, drums and vocals through microphones all coming out of a PA system.
What is realistic in the latter context? For those genres, it's just about the preference of which distortions you like better. But I agree, just enjoy that we have both!