I do concur that the standard or reference should be the live performance. However, if a stereo system can reproduce even better sonic quality or effects w/o artificial / overdone sweetening, I consider it a bonus rather than something unnatural. The reason is as follows:
In a concert hall, the sonic quality perceived by you and me is heavily dependent on the acoustic treatment and where you sit. Whether your experience is excellent or just so-so is subjective and can vary greatly due to these factors, making it difficult to use as a reliable reference for live concert sound. I am located in Palm Beach County, FL, and the concert hall I’ve attended is the Kravis Center in the City of West Palm Beach. Although the seating is very spacious and comfortable, I’ve always felt the acoustics leave something to be desired. One time, we went to Miami New World Center, a relatively new concert hall (open in 2011) designed by renown architect Frank Gehry (designer of Guggenheim Museum Bilbao in Spain). That time, we were in less preferable sitting area but the sonic effect we had perceived is well better, closer to if not outperforming the experience we had in Berliner Philharmonie, home to the Berlin Philharimonic Orchestra.
Through proper recording techniques using multiple microphone placements and careful mixing, a live concert performance can be recreated more faithfully—without undue influence from the concert hall’s acoustics or the listener’s seating position.
I believe a heat map, like the one shown below, is one of the best ways to illustrate sound source imaging and spatial cues within the soundstage. More pin-pointed sources (such as a solo instrument) are represented by smaller contours with concentrated peaks, while larger, fuzzier contours with less dense peaks represent sections of grouped instruments in an orchestra. The deep blue areas indicate the dark background between sources, highlighting instrument separation. Of course, the contour represents the depth of the soundstage.
Even the larger, fuzzier contours still retain their locational presence. I often cross-check whether the spatial positioning of instruments or vocals I perceive from the recording or stereo system aligns with the actual layout of performers on stage—when video or images are available. With a well-produced recording, the answer is often yes.