FWIW, and I'm sure my opinion isn't worth that much.. I bought my first copy of "The Band" (the RL mastered, green label Capitol) around a year ago at a record show. It was not the best copy, far away from a 1A, but was a purchase in order to make an ultimate conclusion later on. I recently received my MFSL version. If you're like me and want to have a very good copy but are unwilling to pay top dollar for the best, get the MOFI. For $30.00, it's really a no brainer compared to anywhere close to what I'd perceive a 1A copy to be, (which I heard at an a MF event around a year ago.)
The Band: S/T and/or Music from the Big Pink
I have been holding out for nice copies of either of these. I have a later (not new reissue) pressing of Big Pink, and it sounds pretty good, but nothing special. I was advised to steer clear of the CAP Vaults reissues, and my gut tells me to skip the MFSL's. I have also had a hard time finding nice copies of either LP in record shops. Do early presses sound good, or is my pain and suffering all for nothing. Cheers -Don