I would be careful about WHO you send your material to for mastering.
A certain person hired me to master their CD. He sent along the same project, but that another "big named" mastering engineer did. I verified that this dood in fact mastered at least a couple major label releases.
I could not believe what the hell I heard him do to this poor guys stuff!!! Overcompressed with obvious pumping and breathing. Clipping which led to digital distortion. EQ balance so out of whack that the CD was mostly unplayable in most consumer playback systems.
Mind you, this "big named" guy was using VERY expensive gear. Very expensive. I don't have even ONE piece that cost as much as his cheapest piece of gear, that is how expensive this stuff is. So, he should have been able to easily fix any problems in the audio (as the original tracks weren't THAT bad. In fact, they were all mixed with probably too conservative of levels!). I should not have been able to get even CLOSE to the same quality of a master. This dood had experience and impressive gear over me!
This guy just obviously didn't care! I couldn't believe what I was hearing and asked the client what kinds of dialog took place between him and the mastering engineer. This engineer made excuse after excuse about why the master was coming out so poorly. I was shocked at some of the stuff the dood said. He just didn't care, and it would appear that he didn't really want to master THIS CLIENTS CD. But that didn't stop him from taking this clients money for doing a shit ass job.
I hope that bonehead heard the master I DID!!! Same tracks. I achieved around 95% of the RMS volume that he did, but did so without ANY obvious compression/limiting artifacts, and with a much more balanced EQ for consumer playback systems. I also did it for a lot less money (about a 1/3 less the price as I recall), and I felt I was paid well for the job.
I am telling this story because I never like hearing generalized statement about mastering engineers! There is a mastering engineer in town here who masters a lot of people stuff locally. His work is not worth his price in my opinion, so I would never use him. There is another guy who even has some big label stuff. He did some mastering for me long ago. I never came out totally satisfied with the masters, and proved to myself that I could do just as good of a job with lesser gear, so I can't justify his VERY high cost per hour (between $100 and $125 an hour!!! Can you believe that?). I have remastered some stuff that people gave me that he did without the benefit of hearing his masters first, but then compared afterwards. The client was always more impressed with my masters.
I am not bragging nor making a plug for work here, I am just illustrating that just because they have "mastering engineer" below their name on a card, DOESN'T mean that they are worth a shit, and can bring your product "up to standard to compete with big label artist on the radio" bullshit. I have heard more mastering engineers SCREW UP good sounding product in the last couple years from trying to achieve that "radio sound".
So, investigate your mastering engineer very well. Always try to hear BEFORE and AFTER examples of his work, preferably from clients of his that are happy. Without the before and after comparison, you cannot access very well if he made "good" improvements to the bands sound or not.
Anyway Q. Yes, YOU can burn a Red Book that is ready for a glass master to be etched from. The standards for submission is not quite so high these days to the duping houses, so home recordists are not burdened with having to learn how to keep things straight on the playlist and printing out PQ Timesheets and what not.
Ed