I think recording fidelity has multiple defining attributes.

There is fidelity in the form of waveform preservation/frequency response. This has to do with the quality of the recording gear. This includes low noise, frequency response, dynamic range.

Then there is fidelity in the form of spatial response. How well can you record the acoustics of the venue in order to preserve imaging and soundstage?

Some current recordings feature excellent frequency response but the spatial response is total shite. Some recordings from the 60s have shite frequency response but the spatial response is outstanding.

If I had to choose just one, I would take spatial response over frequency response any day. Of course I want both.

House of the Rising Sone
Out in the mid or far field
Dedicated mid-woofers are over-rated