The one thing I haven't heard mentioned yet is "where is the sound coming from?" Pointing the capsules at the sound source reduces off axis coloration. I think Mid/Side is great in some situations, but it's not universal.
If I'm stage lip, I love mid/side, because sound really is coming from dead ahead, and off to the sides. So I point a capsule ahead, and another to the sides and do what I want in post.
If I'm I'm back a ways, at "the sweet spot" with stacks (.707xstackwidth) then it's a 90* shot from my mic to the stacks (45* left, and 45*right) so XY90 is pointed at stacks. If I run Mid/Side from that same location, then the sound is hitting my caps off-axis. Remember those polar plots where higher frequencies are more directional than the low frequencies? That's what happens here, and you end up with a lot of "off axis coloration". Depending on your mic, that may be OK, or maybe not. The extreme example is being at a big outside festival 200' from stage. Mid captures sound from stacks, and side captures people talking, and since there are there are no walls to create reverberation, the side channel is pretty useless.
The above paragraph is my theory, but my experience with my LSD2 backs it up. Stage lip M/S sounds good and is easy to mix in post. With M/S from a distance (even balcony rail) I labor over the mixing and I'm never quite satisfied with the way it sounds...