"Immersive" in acoustic refer to spatial relation between the listener and the translation of the recording in his room acoustic...Stereo system can do it at certain precise acoustic conditions which are very complex... I experienced them at the end with a one year experiments 7 days on 7...
We can realize "immersiveness" with an acoustic room and a stereo system , not a living room generally...
The physiological reaction measured in live concert is related not so much to the spatial soundfield perception but by the presence of living musicians whom with we connected ...You will measure the same in a bad acoustic spot of a concert hall...
I prefer to listen alone in optimal acoustic conditions...
The last concert i goes too was horrible because of the amplified sound in a super bad room... And i loved the musician... My physiological reactuion was : why did i came instead of buying his album ? 😊