I have actually done what you are suggesting here Ron and I will share my thoughts on the matter. I recorded my ex-playing 24 Paganini Caprices on a Stradivarius in my listening room and she was standing centered directly between my two speakers (Acoustat 1+1 at that time). I had a single mono condenser microphone positioned at the listening position at the height where my ears would be located. The microphone preamp was fed directly into a mid 1970s TEAC R2R analog tape recorder. The acoustic power of that single instrument was sufficient that it was difficult to capture the full dynamic range without overloading the tape. I had to deal with noise at the soft end and saturation at the high end. I managed but just.
Now to the sound. The recording is extremely present and alive, as one might expect from zero processing and using pretty good recording equipment. The acoustic is quite dry when played back though and you hear that it is a largely untreated, concrete block walled room. When played back in that same room, it is double trouble and it sounds too dry as you are getting a double helping of the same room acoustic. In other rooms, it can be amazing or too agressive. One thing is for sure though, it sounds more "live" than most other violin recordings I have.
I made a number of other recordings, some in stereo and some in mono at different venues but they were usually on DAT made with a portable Casio recorder. They were good but that big TEAC made for much better recordings overall. I still have the master tape but not the TEAC anymore...I burned a cd of the recording though for portability.
The realism of the recording is limited to some degree by the acoustic of the original event superimposed on a new acoustical space...that can matter only a little or a lot depending on the new acoustic space. My recording has a very strong acoustic space in the recording itself and it is heard no matter what room you play it back in.
When DAT recorders arrived to the market, many audiophiles who could not resist to the new gadget them to live performances and recorded them, finding that they were much more "realistic" than any audiophile recording. As they took them to our distributor listening rooms, I had to witness to the people lauding these miserable "realistic" recordings, that I found at best mediocre sounding. Fortunately, the enthusiasm ceased very fast and these amateur Jazz at the Pawnshop copiers are now just using their mobile phones to record their grandchildren.
You refer you were a mono microphone, I assume that you are referring to a mono recording. I must say that I do not understand what you are proving with this very particular and limited example.