What Bands Sound Better Live Than in Studio
With nearly all bands, the adrenaline, camaraderie, and overall experience associated with live performances make them sound very special indeed. That said, in my opinion, the live album 'Exit Stage Left' by Rush sounds much better than the studio versions of the same tracks. This may be due to the production values prevalent at the time of recording.
Professional Background and Observations
While I am no musician or expert, I have been around music professionally most of my life in broadcasting. I have mixed music and run sound for several bands at concerts over the years. Subjectively, I find that most bands sound better live than on a studio album. On a studio album, you may not actually be hearing the band. A studio album is generally built from several takes if not dozens and can highlight a producer as much as, if not more than, the band being recorded.
When you hear the band on stage, you are hearing them exactly as they are at the moment, a snapshot in time of that band, not an amalgam of the best takes built from hours or days of recording, editing, layering, mixing, and mastering. That's not to say the band on stage doesn't require a great deal of preparation and production--but it is often far from what is in the studio album, with the exception of bands that use backing tracks or an entirely pre-produced track that they are mainly lip-syncing and dancing to.
Live Performances and Band Favorites
Several bands have based their careers on touring and playing live, only releasing a patchwork of albums to keep fans happy and go through the creative process of transforming something they started writing on the road into a finished song and, of course, to meet requirements for contracts with record labels.
For a handful of bands that are great to see live, I would include Bruce Springsteen, The Grateful Dead, Neil Young, Arcade Fire, Radiohead, Phish, Rage Against the Machine, Wilco, Tedeschi Trucks Band, Metallica, 311 Live, Red Hot Chili Peppers, Dave Matthews Band, and Faith No More. These bands have a reputation for constantly tweaking their live performances, making small or large changes based on their audience interaction. They may also lean heavily into experimentation, which can be off-putting for those expecting to hear only their hit songs. What sets these bands apart, however, is their talent, the team of people they travel with, and their showmanship for delivering to their audience. I would dare say that the bands I've enjoyed seeing are often having a great time on stage, and this energy trickles into the crowd. Even great bands have bad nights, and that obviously transfers through their music into the crowd as well.
Notable Live and Studio Experiences
You can have a great band having a great night and walk away from that concert feeling like it wasn't the show you expected or wanted. It's not uncommon to find those who are disappointed hearing bands live as they don't sound anything like the songs or albums created in the studio. More often than not, when you attend a concert and prepare yourself that a live band may play a completely different interpretation or iteration of their music, you are less likely to leave feeling disappointed.
There are, however, times when bands get on stage and simply perform poorly. I can tell you that I've been highly disappointed with two bands specifically--though I still enjoy listening to their music. These are The Mighty Mighty Bosstones and The Moody Blues, two very different bands with vastly different issues.
With The Mighty Mighty Bosstones, I've attended multiple shows where the singer lost his voice very early on, before the end of the first song. I heard a talented band with some backing vocals, but what can only be described as raspy gargling throughout. Despite the talent, I had attended to hear the lyrics too. The Moody Blues lived up to their name at two of the four concerts I attended. At these two concerts, both the band and audience were noticeably shortchanged due to an obvious disagreement on stage, with issues of timing and singing being off. At one event, everyone was uncomfortably aware of the issues on stage, while at the other, it was such a small issue that many attending didn't realize anything was amiss until the band stopped playing and nearby people explained what their keen ears had heard. At the other two concerts, though, they played nearly as tightly knit as their studio albums and added in special extras that made the music, in my opinion, even better.