Dry tracks might be good for a violinist. But for guitar, where pick attack and harmonics are desired, the result would be quite sterile, IMHO.
Just as an example, let me share this recording. While the playing may indeed be average, the pinch harmonics, ghost tones, harmonic sweeps could never be created dry...
Listen to Road To Hell - Rory Gallagher Cover - 02/25/2019 by Von Herndon on #SoundCloud
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Road To Hell - Rory Gallagher Cover - 02/25/2019
I Am Playing All Instruments And Performing Vocals On This Tracksoundcloud.app.goo.gl
Yeah, it struck me as a little “ambitious” of an approach!
I asked him how well it seemed to work out for this guy he knew and it seems one big problem was getting guitar players who wanted to do that.
I just responded, “Ya think!”