Musicians are artists, they're almost exclusively only interested in how "good to their ears" their instrument sounds. The same is true to a degree with recording engineers. It's simply not true that all recording engineers are only aiming to acheive an accurate capture of the instruments, their aim is to ultimately produce a recording that the producer and artists are happy with, and therein lays the subjective and emotional aspect of music recording. That's why recording engineers will have a shelf full of different types of microphones for vocals, or cymbals or guitars etc, each with their own characteristics. Some mics will attempt to be strictly neutral, others (usually vocal mics) are deliberately not neutral and many vocalists have very strong preferences for which mic they want to be used to record them because of it. The engineer will also have their own preferences and opinions.
Studio monitors are rarely 100% accurate (the nearfield genelecs etc may well be, but not all are). ATC mid monitors are demonstrably not accurate, they have a raising treble response, which is deliberate. Studio engineers want monitors that let them hear the changes they make to eq etc easily, their objective is to get instruments to sound "nice" in the final mix, that frequently means using significant eq on individual instruments channels. Such that if you were to listen to it in isolation it'd sound pretty bad. Then you get the arguments between the artists each of which is always complaining that "they can't hear themselves" in the mix. It's all a huge balancing act with the aim of keeping everyone happy at the end of the day. The mix also has to sound good on small speakers and the radio, so even once they've got a master that sound great on the main monitors, they'll then go and play it on nearfield monitors and retouch the mix/eq.
Within the whole process there is a continuous subjective assessment going on by all involved as to how "good" things sound, and as anyone who's ever listened to more than one band will know, some bands/studio engineers/producers idea of what sounds "good" can be pretty damn horrendous.