Hi Todd, this is one stereo track, recorded with a noname pencil mic at the twelth fret angled a bit towards the soundhole, 5 to 6 inches from the guitar and the DI signal straight in the interface. I use the channel tools to position the two signals in the stereo field. I adjust the preamp on the guitar, Lag cheap plywood Chinese wonder, so it's just lows and low mids. The mic is mainly highs and mids because the guitar doesn't has a lot of lows acoustically. I usually use two reverbs, a ambient type reverb, Sonitus, as an insert and Perfect space as a send. This way the DI signal is not to direct. A little bit of compression from the pro-channel, high pass filter just to get rid of some "thumps " and "rumbles". I use this method of recording because I don't have a nice guitar or a nice space to record in, this gets the Job done. I use a minimal amount of nail, just to give the notes a bit of an edge. Don't know if you normally play steel string guitars, but it's a completely different technique.
Rik