recordings on the cloud, anybody have a strong opinion about that?
Historically, the cloud is a graphic we used to depict a network of unknown internal structure. The Internet fits that description.
The reality is that the Internet is implemented by relatively few big players who have massive data centres right here on earth. These data centres connect through relatively few communications cables and sometimes satellites to reach Internet Service Providers. Internet Service Providers are depicted as sitting on the edge of the cloud and are the providers of your individual connections.
Let's rephrase your question. Would you be happy to place all your personal records (not the vinyl ones) in Microsoft's care? Would you trust them to respect your privacy? Would you trust them to back up your information, and be able to restore it after a failure? It is a lot easier than maintaining your own back-up regime, after all.
Big organisations are just as prone to human error as small one, in my opinion. I use Microsoft's 365 cloud services and have lost virtually all of my emails going back decades.
Same goes for cash these days. You don't need it until the networks go down.
So your question presents a real dilemma, and I do not think there is any one right answer.

