Once the recording is made, THAT is the performance you play back. You never hear what was heard in the studio at the recording. You hear what you hear at home. The rooms are different and so are the studio speakers. The recording is set in stone and it is what it is.
The "source" as I understand it in stereo terms is the CD player or turntable/arm/cartridge, NOT the medium of the recording. Dallasjustice (the OP) is asking about the playback equipment and environment in our listening rooms.
Distortion is not what necessarily separates the good, bad and the ugly when it comes to sound reproduction in our rooms. Frequency response and "flatness" of response and room features like echo and ringing affects the sound tremendously. Do you want any type of distortion in your playback? I fail to see how anything but the recording is what you want to hear, unless you want it adulterated. NO distortion is good -- it is all stuff that isn't on the recording, so I don't want any of it. I want the recording, the whole recording and nothing but the recording. There is no "good" distortion. That's why our rooms and speakers must be held to high qualities. The rest of the electronic chain is much less important.
Systems sound different from each other due to characteristics of the rooms, speakers, amplifiers and CD players or TT/arm/cart characteristics.
One would think so.
Tim