Okay, we're just talking about amplitude losses then, with straighforward linear distortion via FR variation. Something that the ear/brain has to handle all the time in real life, therefore there is no problem with the mics capturing the sound sufficiently for the mind to perfectly recreate the musical event, if the playback system is working correctly.
Jack, what comes out a Marshall amp's speakers is sound, vibrations of the air, just like the human voice or a piano initiates, produced in fact by fairly crappy speaker drivers, by the standards of high end speaker systems. There is nothing magic about that sound (unless you're a Marshall freak, perhaps), it can be broken down by frequency analysis into its component parts and looked at like any other "noise". It has distinctive tonal qualities, and tends to be subjectively loud and intense, but that's all there is to it. If a high quality playback system can go loud cleanly it should have no trouble reproducing that sound completely accurately. Or do you believe in magic, perhaps?
Frank
Sure, I never said mics couldn't just that no one mic can do it all. Take bleeding as an example. That mike you've got on the snare will pick up that guitar amp 4 meters away and it will find it's way into the mix if you choose the wrong mic. We have to understand that a playback system working correctly just can not make up for a mic poorly selected, poorly placed and poorly leveled.
It seems you are over simplifying that wiggle again Frank. I'm with you 100% on the voltage swing side what I'm asking you to do is imagine what makes up those voltage swings in the acoustical energy and not electrical realm. I mean what's captured by the microphone, which is never all of it. Let's compare the two scenarios live vs. recorded. Let's make it a small honky tonk and you are in the front table. The singer is so near he could spit on you but this is a guitar solo so think of him as some big acoustic panel or something . The guitarist is a couple of paces to his right (your left) and his guitar amp is a pace behind him. What are you hearing from that guitar amp? Direct sound from the drivers, resonances from it's cabinet, diffractions from the edges, reflections from the floor, resonances of the floor and maybe the wall behind it all from not one but maybe three meters. You're also listening to it with two ears and your head is getting in the way between the amp and your right ear. Now compare that with how it would be recorded. The mic would likely be two feet away at most for a four driver amp, too near to get the floor reflections and too near to get a whole of the other things happening later in the time domain. That's the raw microphone signal. Is it close to reality? It's got a lot of info in there for sure but does it capture what you would have in your chair? No. There are a lot of things to be done with the signal later that could make it get a lot closer. It's not an indictment of microphones. It's just the way work flows go in the here and now. I'm just waiting for Tom to jump in any minute now on the wonders of binaural recording. Hahahaha.
I'm not trying to burst any bubbles here. In fact, if anything, I'd like us all to appreciate the PEOPLE that gave us good recordings instead of worshipping blindly at the feet of the technology they had on hand.