Binaural recordings do provide surround effects when listening with stereo headphones, but they still have headphone limitations. The sound still seems tobe in one’s head to some extent, and location of sound from the rear is not as strong as sound from the front. In any event, I don’t really care for hearing music coming from behind and prefer that the recordings use the additional imaging capability to create a more naturally enveloping soundfield with the instruments still located in front.
The BACCH processing did create the sense of a more open and enveloping soundfield, but was not quite as amazing as others have claimed. This could be just my personal reaction, but I know others who were also not that impressed.

