there is definitely no more prestige to mixing live, its just one way to do things, no better or worse than any other way.Ingemar wrote: - don't go into live recording thinking that it has to be done this or that way, that there is more prestige in mixing live (that it's more detroit, old school, authentic or whatever one might call it).
and its individual preference whether you go all out live or a mixture of live and design.
i started out totally live then i spent 10 years with a mixture of live and design, and have only returned to all-out live in the last three or four years.
my advice of going all out live is purely based on personal preference due to my recent experiences, and my massively increased workflow.