[OT] My most contemporary stuff has "stripped" production value, as I've worked on 4- and 8-track exclusively to date, though in years and decades past I'd strive to bounce and beef up productions a bit. For at least 15 years I prefer to pack the tracks live during the take, rather than using track bouncing techniques. Track bouncing is for limited formats and analog guys, anyway.
However, I have no desire to record or hear a drum kit on 6 separate tracks, or 4 guitar tracks with stereo-everything, or stuff like that in general that's all a part of "bigger" production value like on 24-track format. I think 30+ tracks in production borders on the insane, but to each their own.
I pretty much stay away from effects or complex setups, and I'm not of the mind the e'thing needs compression or reverb, or DI+efx, like so many of the common trends of today's sound.
I'm admittedly out of step with the mainstream of ideas about today's "production value", but I like producing simpler stuff, like an honest performance or catching the moment. I listen to more 70's music than anything, and so go my tastes along those lines.
My limited musicianship has me based doing in simpler songs and productions, tho' with my production skills themselves I could produce "big", but I don't desire to hear overprodeced sounds anyway, so as with anything YMMV. My stuff sounds just like me playing music in the room, and isn't meant to be a staged persona or immaculate soundscape.