Letha, both of the videos are the same. Was there another one you wanted to show for the 2nd one? They are both the street fest.

As far as recording with effects, it's a personal decision but most engineers nowdays prefer to leave the effects for mixdown. However, if you're recording everything to 2-track with no real mixing capabilities, then you have to record it the way you envision it (with effects). For Guitars, it's also often hard to get the same sound with studio equipment as you get from stomp boxes and amps, so depending on the guitarist, it might make sense to record with his/her effects.

For vocals tracks, I usually use a bit of compression on the way in and send a reverb feed to the monitors. It helps me not to worry as much about going "over" into the red and I know I'll use compression as part of the final mix.

The thing to remember is if you record with any time-based effects like reverb or echo, it is hard-to-impossible to do a clean punch in.

Larry
http://www.audibleresponse.com
http://www.myspace.com/larrywilliamsproductions
...now writing/producing with Natascha: http://www.myspace.com/nataschacorrigan