The Definitive Answer: It depends...
I'm a working musician....I play electric guitar in a few different bands....have for 40 years.
The stage is the last place you want to be to experience the audiences' point of reference for what live music sounds like. Unless you have a perfect mix of every square inch of every performer on stage in top notch monitors...in stereo....in your face.
There are so many variables with live music that it takes more than 3 inches of forum space to discuss it.
I have heard loudspeakers that present an incredible presentation of live acoustic jazz. I closed my eyes and could "see" the players in the room.
I have heard loudspeakers that played back "Frampton Comes Alive" better than Frampton live.....because I heard both in 1976, and the record was better than live....Still is, sound quality wise.
So....the definitive answer in my not so humble opinion is..."It depends"...on everything variable.