It's no accident that musicians spend a lot of money on instruments -- even electric guitar players -- an instrument that is electronically amplified and often distorted and otherwise augmented -- will have strong feelings about the particular type of guitar they use. Leaving shape-based decisions out of it (and pickups), hollow bodies are going to produce a different sound than solid. Different wood types will produce different tonal characteristics.
So the things that are directly controlled are less like terroir, more like choice of grape used maybe? While the make of the instrument, the shape of the room a recording was made in, these are much more like terroir I think.
But it's probably just not a great metaphor.