When you are ready to start "Live Recording" you will find in your research that you have a lot of options. Which one is the best? First you need to put together a couple of lists. One being the intended audience for the final product (target quality), and how to distribute it (internet, CD, DVD, DVD ROM, etc). Once you got that figured out you can start looking at what equipment and process it would take to do that type of recording. So lets look at an example:
We want to record the pastors message and put it on CD and put it up to the Web Site.
Target Quality: CD = 44KHz / 16 bit Internet = mp3 format Studio = 48KHz / 24 bit