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dbr
You're really describing the difference between audio production, where the original sound is deliberately distorted to produce a pleasing result, and audio reproduction where the aim is that if you close your eyes you can't tell whether the band is in the room with you.
If you think your highly distorting playback equipment exactly matches what the artist had in mind when he created the recording, you are hearing his creation as he intended it to be heard. On the other hand, if the artist's preferred medium is live performance, then you will get closest to enjoying his work as he would have wanted by the most faithful possible replication of the sound you would have heard if you had actually been in the room with him.