The SM57 and I-5 both will do well on snare and your guitar cabs, you can switch them back and forth and pick your prefernce. It is worth picking up somehting for the bass drum and if you decide to mic the bass cab (i know you said youwere going direct, but it cqan't hurt to try out options). I have a shure beta52 which is great for that.
and/or something like a EV RE20/27 can be a bass mic, vocal mic, jsut about whatever you need for a few bucks more.
Pick up a couple of overheads for the drums that can double as acoustic mics, on a budget , i would pick up a pair of MSH-01 or MXL 603s. I have both and use the MSH-01s more than the 603s these days.
For track-by track, the basic mic kit would be the 57 and/or i-5 (snare and tom(s) or use two mics on snare (over under with phase on bottom fliupped)), a kick mic like the beta52 of D112, and the overhead mics. If you don;t already have a vocal mic, that would be the next option, but the EV RE20 would be versitile for both kick and vocals if it suits the voice.
Beyond that set up you are really talking about flavors. What is your budget and what are you running threse through?
Dave