From the mouth of Peter Jefferies:
"I've devised a method of bouncing down... the original tracks (usually 1 to 3 tracks) are on the 4 track. They go from there, through a graphic equaliser, to a cassette deck, out through a stereo — it's the amp with the loudness button and the best speakers, into a Shure 58 mic, back to a single track on the reel to reel. It's especially good for low end and mids (note, I can monitor through headphones on stereo #2). I can add 2 more tracks, and bounce one more time internally on the four track and it's still OK, still on one track (or more) and I have 2 or 3 more tracks to finish it. And of course I can be "hands on" and edit as I go. It's tape consuming, and time consuming (I guess I've taken around 250-300 hrs so far, so it's a good thing I'm not in a studio)."
-courtesy of Craig at Emperor Jones