This is actually a more philosophical question, "record with or without effects". And like with most answers, it "depends".
In general, you want to record the best signal you can get. Change the microphone, change the position, (change the musician). The problem of recording with effects (eq, compressor, deesser, etc) is that you cannot undo the effect later.
The only exception is when you have to do minor tweaks (roll off bottom end, compress to avoid tape hiss), that need to be done anywys. This was more important in the old days when recording on magnetic tape to overcome some of the limitations.
So to answer your question, I would not apply the effect during recording
Hope that helps
Edgar Rothermich - LogicProGEM.com
(Author of the "Graphically Enhanced Manuals")
http://DingDingMusic.com/Manuals/
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