The only upside to the stupid editing on Live Era is the fact that Rocket Queen sounds the best it ever has.
Aside from the rerecorded vocals, I find the sound quality of the album to be pretty poor. I have bootlegs that have better clarity and give a much better representation of the sound of the band during that era. On the topic of the sound, better performances (musically speaking) could have definitely been picked for some of the songs. This is not the case for all, but Mr. Brownstone is pretty weak musically (not a horrible performance, but there were far better ones) as well as Sweet Child O' Mine.
Last but not least, a better selection of songs could have helped. Why no Civil War, Live and Let Die, or Double Talkin' Jive? All three were staples in the live set during the Use Your Illusion tour.