No, back then it was more like "Crap! We're almost out of tape!" or "Yes sir, the heads are damaged beyond repair and it will be about 3 months to get new ones and they will be $500 each" or the worst of all ... "CRAP! I hit the wrong button and just recorded over everything except the bass track and we need to start again" .. or "Man, I wish I didn't have to bounce this
again just because I need one more track"
I take the latency issues, thanks