When John Darnielle from The Mountain Goats started recording albums to cassette on his portable Panasonic stereo, he got a sound that was so much more lo-fi than what could be obtained in a studio, or even with a more expensive recorder and microphone.
His genius was to realise he'd made a sound that most professional musicians would never bother with, and thus it became his own and his signature. I think not worrying so much about fidelity probably gave him more time to concentrate on the lyrics and music.
Most people carry one of history's most technologically-advanced cameras. How many can say they actually use it for something interesting?