the 226 is supposed to be pretty doggone decent tape, old school and free of most modern maladies... i have heard that although it behaves well, 250 prints through like a squirtgun on a roll of toilet paper, but it will depend on what you are capturing... some stuff is simply too loud for print through to matter...
i agree that early noise reduction is often simply noise creation... the right combination of a song with silent or soft passages and noise reduction can result in more than subliminal breathing... sometimes like a drooling bulldog with asthma... this is why early compressors only worked on stuff that was just a wall of sound -- sometimes literally, a "wall of sound" -- and also why automatic level control -- alc -- is really great for lectures and often lousy for music... like really strong peppers, a little goes a long way...
in my experience, the only noise reduction worth a hoot was the dbx on the yamaha four-track cassette machines... the other machines... tascam, whatever, were miserable... and i never bother with it on open reel... there's really nothing that can't be fixed -- or at least made much more subtle -- with an old urei "little dipper" or -- in la-la land where money can be found everywhere including the catbox -- a pultec... or -- while we are lolling off into dreamland --
a massive passive... later... when the song is being mixed down...
back to topic... i love a select few of the old tape types... especially for mixdown... some are very unique and new old stock is just as good today as it was in the late 50s and early 60s... if you want the sound from any particular era, it is best to simply perform and record as close to what would have happened musically and techinically as possible... now, if i could only convince carol kaye and hal blaine to swing by...
dave