I'm 100% agreeing with you on this concept Rawdepth.
But for that matter, I would prefer to use a "tape" plugin....Slate or Universal audio to chop off the peaks a bit. This is why I put it first, allowing me to use less compression after. On high transients tracks I may also address this issue directly in the waveform at the 5 to 10 places where it peaks most.
But better, It's something I care a lot at the micing stage. Knowing that digital converters will not treat the peaks as the tape will do, when I mic an instrument with strong transients (i.e snare, plucked single-notes on electric guitar...) I make sure, with my mic position, that I get the right balance between the transient and envelope parts of the sound. Ribbon mics are super good at that!
As always, mixing start at the recording.