Is there anything better than live recordings?

 the quality of the recording is important , but dsd 256 sounds also awsome.

I agree with how you posed your question. However, most live recordings are not as good as studio IMO, there are exceptions though. I have few live recordings and I’ll just leave it at that. The best I’ve heard as an example of studio “live” are DSD recordings. They can be impressive.

@drmuso if I gave the impression that I did not enjoy Pink Floyd live, that was poor writing on my part. I agree with everything you said.

I think you also made the point I was trying to make about DSOTM studio cut better than I did: they used the studio as an instrument. 

Studio recordings.

Live is the real thing, warts and all. I remember sitting in the balcony at Heinz hall in Pittsburgh and the acoustics were so bad I told my wife I'd rather be home listening to my stereo. First floor row H that's different. But I find the sound of a live symphony is more diffused with less pinpoint imaging than you can get with a recording sometimes, but that's less "real" in one sense.