almost all of my guitar recordings are done direct,
with a palmer PDI-09 capturing a line level off the speaker output of a Mesa Boogie Mark 2b 60 watt head.
the signal is split from the palmer, and sent to a weber Mass Lite attenuator, and from there to my array of different cabinets for monitoring; with the attenuator AFTER the palmer, i can monitor at any sound pressure level i want, but the direct signal hears the amp wide open.
the line level goes straight into my interface, into sound card, straight to mixer.
i also mic up my cabinets sometimes, and blend the miced sound with the direct sound.
to my ears, this is superior to sims.