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Originally Posted by CDS and with the MP3 generation, those things get lost in encoding.
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To each his own opinion, but I don't think that the detail that gets lost, is exactly the same as the extra value that a better studio provides.
A good quality recording will sound better encoded as an mp3 than a 'bad' quality recording. Shit in = shit out.
Nowadays maybe less of the room is present in the sound, but even when close-mic'ed the room adds to the sound, home brewed stuff usually still sounds smaller and honky...