While I enjoyed my old 4-track days...I found that even for some basic music I ended up having to bounce at least once.
I record to a 16-track...but then dump-to-DAW.
While the 16 track is "almost" enough...I find that I usually end up with about 24 tracks after I figure in the split/doubled-tracks or just being able to break up some existing tracks in order to better manage/control them for mixdowns.
I've been following the 24-2" machines on eBay, and if one within pick-up distance comes up that is in great shape for a good price...I might go for it.
With 24 tape tracks I would have the room for doubling and FX and whatnot...and at the same time, it would GET ME OFF THE DAW!!!

I mean...I'm not complaining about *digital*...it's sounding pretty good for me now...
...but the damn DAW is just too addictive with its editing capabilities! And being a rather anal (and possibly a little OCD) type of person

I can very easily get caught up in tiny details.
The 24 track tape deck would force me back to the old ways again...because I'm already at a point where during tracking I find myself at times thinking
It's OK, I can fix that later when I edit.
I mean...there's nothing really wrong with that, and I think a lot of guys back in the old days would have KILLED for the DAW editing at times...
...but I want to bang some stuff out a bit quicker, and I just don't have the self-control to avoid the "DAW fix"...I thnk I'm becoming an edit junkie!
Kidding aside though…there IS a certain freedom with using only tape…just as there are some limitations.
I am planning at some point to record some “sparse” type of Rock…so I may try and squeeze it all out on my 16-track, which shouldn’t be a problem…and forgo the dump-to-DAW which I need when doing a bit of more involved production.
But YES…there is certainly a plain-n-simple beauty to just recording with a few tracks. It tends to really open up the mix, as long as you can get the right balance you need with the limited tracks. Just takes a bit more work.