Let's try something different. Name bands with glossy/polished records that would have been improved by using lo-fi recording. Example: if Nirvana or the Foo Fighters had sounded more lo-fi/diy basement, indie snobs would be fawning over it nowadays.
The only Nirvana record that isn't lo-fi, technically, is 'Nevermind'. Obviously compared to shit like Times New Viking and Psychedelic Horseshit, they all sound over-produced, but most of 'em are still pretty raw compared to, say, Stone Temple Pilots or Pearl Jam. I mean wasn't Steve Albini once considered "the King of Lo-fi" or some such bullshit?
Also, the first Foo Fighters album was a home-recorded Dave Grohl solo record and has a couple really rad songs on it in "Weenie Beenie" and "Watershed". Sure it was produced a bit more after the recording was done, but it's still a lot more raw than today's Arcade Fire and Modest Mouse records.