My two cents.
-- If the end media is CD, do record at 44.1 instead of 48. The quality difference, if there is any, is small and not worth the hassle.
-- Do record at 24 bits. Set levels so that you are sure to never clip your recording equipment during songs. Leave ample room up there, aim for peaks at maybe -10dB. When at home, postprocess by increasing levels, normalizing is one way.
-- Do check out other programs. I like Samplitude a lot, check out the new SE version that is 49 euro (well below USD 100). This gives you a lot of functions and allows you to put a good limiter on the sound (increasing levels), burn CD-s, work with large files, dither in different ways and so on. All with a professional quality sound engine.
Well, my two cent.
Gunnar