crappy mic can still get an ok guitar sound...try 8 inches away from the 12th fret angled slightly toward the sound hole. should come out pretty good. You got an SM57? If not save up $50-90 and get one...it sounds great on electrics, can do acoustics ok, and some vocals alright.
I don't EQ everything...I don't EQ most things. Just the stuff that collides or if I really want to bring something out for artistic reasons. You can do a lot with mic placement and thinking about the whole song when recording. Don't think about how the instrument will sound best soloed, you'll have to learn over time how it's gonna sound with everything else.
Don't worry about foulphil...we rip on him all the time...he's cool...I don't know what he said. don't worry about what anyone here says...use the tips to improve and if you like your songs and your sound that's all that matters.