I got my m-audio microtrack recently, updated the firmware to 1.1.5 and took it to the blues jam last night. I used these mics
http://www.microphonemadness.com/products/mmflexgoosca.htm which are 1/8" cardioid goosneck. I sat at a table about 50 feet from the stage, the PA speakers were up high about 30 feet away on each wall. The microtrack was laying on the table with the gooseneck mics pointed toward the pa speakers (up and out toward each).
I found that even if I put the levels at the absolute minimum, the red clipping led's were on almost continuously. The levels in the LED looked OK, they did occasionally hit max but 90% of the time were below max. But the red clip indicator lights were lit almost always. Of course, like all of them, this jam was loud, but I thought I still should have been able to record. Am I wrong? It's tough to sit further back at this place, the bar is back there, etc. I should have brought the stock mics from the microtrack to a/b, maybe these are just too sensitive for this type of setup? The resulting files sounded as you might think, pretty distorted. Are these mics not right for this type of unit?
Of course I screwed up by not bringing the mic that came with the microtrack to a/b it, but should it make that much of a difference? Isn't there a way to decrease mic sensitivity on the microtrack? the L/M/H won't work for 1/8" inch they told me, the L/M are basically the same (I tried it and found this also).