Since the OP already came back and said he recorded the Guitar wet and it came out great I guess I'm a little late to the party but I'll chime in anyway
I've been thinking a lot about this kind of stuff lately and simplifying my process.
If I wanted a distorted/delayed/chorused whatever sound on my guitar why would I record it dry?
If I do that I have to go through all the hassel of reamping and re recording or setting up an amp sim after the fact etc. and if I'm not confident in my ability to get it right in tracking what makes me think I'll be more successful in the mixing stage?
If I have an amp/effects set up I like or an amp sim set up that I worked on for this song that I can just throw on the input bus and record wet why not?
Options are nice after the fact but if as the writer, performer and producer I don't know what I want the song to sound like at the tracking stage, then I'm really not to the point where I should be tracking yet.
I should already know what I want when I'm at the point of recording. Giving myself more options later on in the production process leads, in my case, to a much greater chance that I will end up with a lack of clarity/focus in the finished product because I have too many options that I'm continually tweaking.
I'm finding mixing is simpler too. I work harder on getting the source right because I know there is less opportunity to tweak, so the source is better to start with, and in the mixing phase all I have to worry about is getting things to play right together and not a whole bunch of well what if i did this questions that just end up sidetracking me.
Of course the down side is if something really does need a change it requires a retake, although even that is not, in the end, bad. I find I play (and sing) very different with different effects and If I just have a dry track and decide I didn't want distorion after all and change up the effects later, the guitar part doesn't sound quite right. I played it as if it was going to be using distorion/delay whatever and if I decide to use chorus and clean gain instead it sounds off. Same with vox, If I track vox through a compressor I give a slightly different performance than if I record dry and tweak later. Plus if I recorded the vox assuming they were going to be accomanied by distorted guitars and it ends up being over sparkly quiet, chorussed, clean sounds the vox may sond wierd/oversung or just wrong.
Man I wish I'd figured this out much earlier rather than at the point when I'm getting ready to start tracking my third group/colllection of songs. Unlimited options after tracking are not always a great thing, at least for my situation