Why do they have compressors in the more expensive preamps?
I like using a very light amount of compression during tracking for some things....guitar being one of the main things.
It does some level adjustment, but it also ads the character of the comp...which is not absolutely obvious in the guitar sound, though for some things preferable to the straight-wire signal...also, the comp helps add bit of sustain.
I've used a limiter in my vocal chain on some stuff...and again, it's more about adding to/changing the flavor of the signal.
So that's why you see mic/com/EQ channel strips.
Now some folks will say you can do all that later on during the mix so why do it on the way in....but it's not always the same, and there's something about making specific decisions while tracking that in-turn drive the rest of the tracking decisions...and that's a different vibe than say, just going for all DI/"neutral" tracking and then wait for the mix to sort it all out.
I've worked both ways...so it's a per-song thing for me, whatever mood I'm in.
Also...for guys that record full bands with a more "live" appriach...there may be a desire/need to get all your sounds set during the tracking...to capture that live moment VS waiting for a later time to try and create the live moment....basically, tracking as-it-falls and just going with that.