I play through my headphones all the time, but I need it loud in them and I need the drums in there, too.
So most of the time I have click, drums and guitar on my ears while tracking, for the second guitar track,
I just set both guitar tracks to center and reduce the first recorded volumewise, that works pretty well for me.
The mix between drums and guitar is almost exactly like in the finished recording.
Thats the best way for me to be as tight as possible.
For Bass it's a bit different, I need the drums pretty loud, the guitars very quiet, I use a eq on them for that part
with a high pass at 200hz or something like that, so I can hear the bass very well.
My old guitar player just wanted the drums and a little bit of his guitar, that's it. Or just the click, but he was
like 1.000.000 times tighter than me, so