"if it sounds good, ,,,,it is good"   Duke Ellington

depends on what your personal standards are..... I have a KorgPXR4 that I call the 'ham sandwich' cuz that's how big it is... 4 faders, 32 virtual trax, digital, FX for days, great editing, USB port... sounds fine...I can do a lot with it and have....

but I use it in conjunction with bigger studio(s)... for better, isolation, separation, 'headroom', EQ.. all of that... and it's nice to work with a good engineer, in an pro-environment set-up esp. if you're the performer... there's also a huge difference in a $200 mic and a Telefunken U47 tube mic... and not just the $7800 difference...

go with whatever works, but as Ron Olesko said...there are 1000s of new releases every week... so it's important to make it sound the very best you can, if you're intending to market the final 'product'

If you're just fooling around, experimenting, having fun... then who cares ?

I took a photo of the wee Korg 'studio' sitting like a flea on a 24 Track ,2 inch tape Studer.... sure the Studer has a great 'warm' sound... but at 750 lbs.. it's difficult to slip into my back pocket

so use it all, if you have the chance... try different things.. find out what works best for you... they don't call it the Recording Arts for nothing....