Thanks for the response brundlefly (great name, btw!).
I realize, and as you note, that enough editing/comping is possible so that effects and such are not necessary as often, especially with unlimited tracks, melodyne, take lanes, etc. However, one thing I can't get past wanting to use is light compression on vocals and acoustic guitars going into the channel. I realize I can just keep the level down to give myself a safety net, but, at least in the old days when I used 32 tracks of digital audio tape in my studio, there was still a relevance to "tape saturation," as it were. Is that no longer the case? Seems my mind can't quite get past the idea that I still want a strong signal level for recording so there is more information accurately captured. Might just be that old guy cap thinking though.
Also, I wondered, is there no way to send something through a plug-in compressor on another channel and then back for recording on the input track? If possible, that would certainly be a work-around if I insisted on keeping old habits! lol