Should a good system sound bad with bad recording?


A friend of mine came home with a few CDs burnt out of "official" bootleg recordings of Pearl Jam NorAm tour...the sound was so crappy that he looked at me a bit embarrassed, thinking "very loud" that my system was really not great despite the money I spent. I checked the site he downloaded from...full concerts are about 200 MB on average. I guess I am dealing with a case of ultra-compressed files. Should I be proud that the sound was really crappy on my set up?!!!!
beheme
a stereo system is as strong as its weakest link. most stereo systems sound pretty good with good to very good recordings.

it is the better stereo system which can sound good with bad recordings.
the better the recordings, the better the system will sound. it all starts with the source.

however, some so called bad recordings are not that bad. it is the stereo system that is flawed.
If good is taken as accurate then absolutely yes, of course it should sound bad

If good is taken as a nice sounding system with plenty of forgiveness, warmth and oodles of extra harmonic distortion in the bass and lower mid then NO.

A system that colors sound in a pleasing way can invariably make a bad recording sound passable. ( a good recording, however, will never shine as much )

Since the majority of recordings are mediocre or mastered for mediocre systems...selection of a system is a matter of opinion/choice and even a very accurate system has its limitations/drawbacks.

Many mastering engineers in studios with $100,000+ systems/facilities will still use something like Yamaha NS10's, just to see how their master will translate to a mediocre system. (the majority of systems can't properly handle the dynamics of lifelike music and lose balance)

Fortunately the odd one slips through....one where the mastering engineer has not been heavy handed with a soft limiter. Some genre's fair better than others.
Maybe this is a trick question and I'm not getting it but shouldn't a "bad" recording sound bad on the best of systems and worse on lesser equipment?

'Splain it to me Lucy.