@erik_squires So glad you tuned into this discussion, I was thinking of you as I listened to the Occasional Sound podcast I referenced above when William Low, founder of Audioquest mind you, stated that Furman made the only power conditioner worth anything for the home listener. Now with that I risk derailing my own discussion.
So to get us back @8th-note
We are kidding ourselves if we think that the goal of our systems is to recreate the live experience
My thought is that this is possible but it is inextricably tied up with what we are listening to. Solo guitar (acoustic)and singer, absolutely possible to get close to live with a fairly modest system. The liberating thing about this is that genres like Rock, Pop, electronic that never existed in a "live" space freedom to be listened to on any system with equal validity because the listener and their choice of playback device are participating in the creative act. They are "freeing" the music from it’s electronic encapsulation.
So there are instances where some of us want to be fooled into thinking we are listening to a live performance. It can be done with limitations, but there are many others, if not most, where we can free ourselves of the audiophile bs that we are missing something. No, we are creating something along with all the other who contributed to that particular recording.