gswitz
I'm mostly a hobbiest, so ... I just replay rather than changing tempo.
I'm not letting that go by without a comment
I generally think that's a better approach. I've never re-cut a song that wasn't better than an earlier attempt. There's something about the process of learning the song the first time that translates into a more confident performance on the second go-round.
For me this is most noticeable with vocals. When I cut vocals, I'll then listen to them over and over and do new vocals. They're always better. I liken this to a (very) "lite" version of taking your music out on the road and honing it in front of an audience.
And frankly, "back in the day" when a song wasn't working, the pros would know when to cut their losses and just start over. Many of the songs that became classics didn't start off the way they ended, "Sympathy for the Devil" being a prime example because its evolution was captured in a Jean-Luc Godard film. There wasn't this ethic of "if it has problems, we'll fix it."
Don't get me wrong: I like having fix-it tools to take something from 95% to 99%. But if the tempo itself is off, that tends to influence everything from the feel to the parts themselves. Recutting respects the needs of the new tempo.
Damn, I can be wordy sometimes