Ian Lund said:
Recording engineers use something called Gain structure. Proper gain structure will put your level where it is not too hot to cause clipping but not to low where some of the audio will not be audible.
This is a very good observation.
I'll take it a step further and point out that
good recording engineers will use what is called
Optimal Gain Structure. This is kinda' what sets apart the pros from the pretenders and wannabes.
When you hear phrases like: " ____ (insert name of recording engineer) could record in your basement with your gear and get a better sound than you could if you were to record at Abbey Road (or similar studio)."
Basically, the idea behind the theory is that just about any piece of gear nowadays, no matter how modest/cheap . . . as long as it isn't broken . . . is capable of very good results
if used within it's limitations. Take a Mackie mixer for example. I've found that their mic pres sound quite impressive . . . until you start cranking the gain past 12 or 1'oclock or so. Then they kinda' start sounding like poo. Armed with this bit of knowlege about it's gain structure, I know that it might be a good idea to avoid them on quiet sources that require loads of gain. There -- See? I just used my noggin' for the betterment of my recordings.
Another example would be the Sytek MPX-4A, which is at the very opposite end of the ideal gain spectrum, so to speak. Once you play with one long enough, you start to realize that they actually sound
better as you start cranking them past 4 or 5. Lack of headroom at the input seems to be their only downfall, so if you can learn to work within that particular limitation, you've got what amounts to be a world-class mic pre for 200 bucks a channel. And I really don't think that's an exaggeration, either. If you have an ounce of patience to learn it's gain structure, you've got a world-class mic pre in the right hands.
The idea is that everything out there should have it's sweet spot where it will sounds best. Experiment enough and find where those sweet spots are, and you will become a recording legend in no time at all.

I say that jokingly, but actually it may not be too far off from the truth. Understanding gain structure can most definitely and without question save you a lot of cash money $ $ $ $.