It depends on the venue. I would never dream of using condensor mikes in a noisy pup or party on acoustic instruments.
A quiet venue or outside and on big stages then your fine.
In a house? I would not even use a PA if people are sitting and listening.
But if the party is rowdy then a small PA or each player has a small amp is best.
Condensor mikes feeback in most smaller under powered PA situations. You need more space or a more powerful system.
This is why 90% ( just a guess) of acoustic players use electronic PU systems. There are many types and a good PU system will outperform a mike on a stand. Many of the systems include a condensor mike inside your instrument. This web site has excellent stuff at a good price.
http://www.guitarfetish.c...tic-Pickups_c_443.html If I do use a mike live I use an SM 57. That was our standard in many bluegrass bands I played in for the last 3 decades.
There's just to much crap gets into condensors when there's ambient noise. They only work when the room is quiet and good acoustics like a concert hall.
I would use built in PU's on all that have them then a SM 57 on any instruments that don't.
They make plenty of nice small acoustic amps these days that also include a mike channel for singing.
They are my favorite because it also does double duty as your personal monitor.