Hi Stallion. Well done.
That was always the way (and still is) that we recorded sessions at the Beeb.
As much as possible live with maybe a couple of overdubs. Time permitting.
The number of well known bands who actually prefered their session recordings to the eventual album release. (The Smiths to name but one).
And for us engineers the knowledge that however bad the band were, they'd be gone by midnight was brilliant!
Can you imagine spending 6 months with a band that you don't like, either musically or personally! to do a project!
First week....."Lets nail that kick drum sound!"
Second week....."Right on to the snare!" Aaaaargh!

Mine took a long time, because it could, no record company or gigging pressures, and I was doing the overdubs nearly all myself.
So, I didn't have to rush. Luxury!

I don't think that I'd ever get into bed with a record company again, quite honestly. If I was doing a band project then yes, I would use a proper studio, that I trusted, but I'd still go down the "As live as possible" route.
But as has been said many times here, my sales expectations are not in the same league as others, and I don't see why I should just give my recordings away.
Cheers Ralphie