If we're talking recording a single instrument, an interview, or somebody doing the evening news then stereo recording isn't very important.
I would only include a certain subset of 'single instrument' situations in that statement. Even isolated some (many?) instruments benefit from stereo mic'ing if a realistic portrayal is the goal. A solo performance of a single instrument in a hall with an audience is by no means a mono event, nor a stereo, or a 5 channel event, but something far more acoustically complex.
If your goal is to capture the sound of the performance in the room and all of the various characteristics results seem like they'd be less than optimal with a single mic. To me there's a bit of a philosophical question too, after what degree of processing is it no longer a snapshot of the event and more of a processed product. Personally and subjectively, I place high value on as faithful a reproduction of the event with as little processing in post as possible. Others may not be so concerned with that.
You should record in surround! It too is 'less than optimal' but far more so than stereo, and way, way more than mono. And though it is more complex to record, I argue that it requires
less processing to effectively achieve the illusion you are talking about. It's certainly not very practical compared to 2-channel stereo though.
Apologies to the OP for my off-topic tangential philosophical musings!
I may do it when I receive my new CA14s, maybe I record in mono CAFS>minidisc and CA14s>Roland R05 some show so we can compare
For a less biased comparison, do it the other way, with your better microphone and signal-chain used for the mono 'underdog' recording. That’s the whole point of the comp, right?
Actually if you are recording with spaced omnis (not baffled) not too close to the source, each mic identically arranged and spaced reasonably (spaced less than say 3’, not a huge 15’ split or something, all mics pointing directly ahead). You can just record both chains in stereo and simply discard one or the other channel of each pair to get a pure non-mixed mono source. You could then compare stereo vs mono, mono vs mono and stereo vs stereo for both chains. A virtual comp fiesta!