I suppose I should bow to the obvious expertise of the previous reviewer (Kim Croft) who clearly knows the score backwards and forwards and also knows most of the recordings that have been available.
However, I felt quite a letdown with this recording. As much as I love this score, and as much as I agree with Croft that it works better with Broadway voices rather than operatic ones (the Bernstein recording was a travesty as far as the voices were concerned; imagine: the Tony, the Anglo lead of the show, was sung by José Carreras, who could not suppress his own Spanish accent), I have to say that this recording disappoints on two counts. First, there are the flaccid rhythms from Schermerhorn's conducting of the otherwise fine Nashville Symphony. The program book makes a point that Schermerhorn almost got the job of conducting the original Broadway production, and there is a picture of him studying a score with Bernstein at Tanglewood. But if you compare the rhythmic snap of the original cast, and even more so the recording made by Bernstein, you will see what I mean.
And the second disappointment comes from some of the voices. Maria (sung by Betsi Morrison) is downright embarrassing; her voice wobbles, as Croft reports, but it also is often out of tune; and her histrionics leave something to be desired. She sounds more like an Anglo sorority girl than a Puerto Rican spitfire. Aside from Tony, the other male leads are ho-hum. And the ensemble work lacks verve; 'Cool', 'Gee, Officer Krupke', and 'America' should leap out of your speakers--but these don't.
Still, this is an amazing score which has survived much worse over the years, and if cost is a factor, you certainly can't beat Naxos budget price.