As others have said, it really depends on the kind of music.
You definitely want to hear primarily acoustic music live, but a recording of that live performance also has a bit of that sound that tends to get lost in studio recordings. Most types of primarily electronic music is excellent live as well, but horribly represented in a live recording. In general, anything with heavily distorted guitars is usually more coherent in a studio recording. I also prefer more production-specific and nuanced music in a studio recording.
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