This is where chatting on a forum becomes so much more difficult than having a chat in real life, so please don't think I' m being argumentative for the sake of it.
I still think you need to re-think this. Making a recording can still be primarily for getting gigs, but it will be getting you gigs as it increases your credibility as an originals band, and not because you can play a half decent version of Sex on Fire/Brown Eyed Girl/Crossroads. Getting the gigs will also be through raised awareness from myriad internet radio shows (plenty of genre specific ones out there) and social media.
Also, think of the recording process as part of the fun. My last band did rhythm track live to guide vocal, the vocals and guitars added on top.
This got us good traction in the rock/blues genre, ended up doing a tour, some nice supports, and played the Skegness Rock & Blues festival.