,...Tape is hard! Even with "The Forgiveness" you still have an appallingly narrow dynamic "window" in which to record compared to even 16 bit digital.
If one just looks at the numbers...it appears that way on paper.
However, seeing how the digital recording norm for many is to nuke every track, plus the mix....there's often little of that theoretical dynamic range left.
I've got some sampled drum tracks that I dropped to tape, so I could record my other stuff with the drums and not needing to lock the DAW for it. Then I transfered those drum tracks back into the DAW...and AFTER going to tape, they sound beefier and more 3D than the original samples when I play them side by side. It's subtle, but it's there.\
I would close my eyes and quickly hit the mouse a bunch of times to switch between the tracks, so I have no idea which one I'm going to be listening to. Then I go A/B while keeping my eyes closed. I did that with the complete drum mix, and individual tracks (Kick, Snare, Hat, etc)
Every time I would stop on what I thought was the better sounding track, and look at which it was.....it was ALWAYS the tracks that came back from the tape deck.
So, while I use to save the sampled tracks in the DAW for "just in case"...I know toss them, and just use the ones coming back off the tape. It kinda sucks 'cuz I eat up 8 tape tracks for the drums doing that, whereas if I used the original sampled tracks in the DAW, I could just drop a stereo pair "scratch kit" on the tape, which would give me 6 more tape tracks for recording., and then just sync up the tape deck to the DAW drum tracks.....but I just prefer the sound of the tape drum tracks whenever I use sampled drum tracks.
AFA noise reduction.....I don't use any, and I track at 15 ips on my Otari MX-80 2"....and man, it's quiet as a mouse.
I've got some piano chord tails that ring out for a real long time, and when transfered to my DAW, they will fade to digital black and you never hear even the slightest tape "hiss" coming of the tracks that were done on the MX-80....
....and I don't go out of my way to really "hit the tape hard" inm order to increase the S/N.