...again.. imho... and I'll use the 'should' word..

We can now take it as given that near 'Pro' level recording gear has never been more easily accessible and affordable.

Any folks like us involved in music creation and performance, players or audience members, who want to record music for posterity;
should strive for best possible audio quality.

At least lossless non compressed CD quality wav 16-bit 44.1Khz.

Ok.. our own ears might be so old and knackered we can't hear any difference.
But if anything we record is of any future value to anyone else,
for instance - field recording / social history archives,
we owe it to them to provide good lossless source audio material they can make best use of...