Recording, playing live and playing in your room; do these three environments mean changing the mix/levels?
If your playing in a really reflective environment with lots of uncovered cement, wood or glass (gymnasium anyone?) then reverb is redundant and can be turned off or you risk being completely washed out. In places like that delay is your best bet for added ambience.
In a dry room with lots of soft surfaces and a ton of people you may need to turn your reverb and delay mix up to compensate.