I'd say a good mono recording has soundstage as it has depth.
Maybe I misunderstand your 2nd point, but instruments in different places is a (real life) necessity - no two things can be in the same place in reality.
The width or placement left to right of instruments might be a bit random, but the placement of backing singers behind the lead singer seems intuitive.
I basically agree, I was talking about the essential nature of music: I play the piano and have played in some chamber ensembles when I was a student.
Each member of the ensemble (orchestra, group, etc.) has its own sound stage perception, the placement among the public changes also soundstage.
When I play the piano, lows tend to come a little bit (not much) from the left, mid-highs are more right placed as one can expect from better high frequencies location because of shorter wavelength.
None of this is encoded on music composition, is an “accident” of the mechanics of the instrument. In fact many piano recordings are “reversed”: offer opposite lows and highs distribution from right to left. I find lows-left recordings more engaging from my pianist perspective and lows-right more like a listener (not so true, piano is often placed perpendicular to the public to show the hands)
In my opinion stereo helps to instrument separation and enhance transparency but force you to align properly to perceive.
I find quite satisfactory mono reproduction from one speaker when I want to do tasks at home and rarely sit to listen.
My ideal soundstage (imaginary of course, but can be done) is to have a huge place in front of me and as many speakers as instruments and singers, organize them as I want supposing each speaker reproduce its own source of a synchronous recording. A rock band or an orchestra at home!
In attendance to that, well stereo is nice, dolby is fun but what matters to me is timing, dynamics and freq. response…
One can consider mono reproduction as the experience of a listener at the infinite, or the band collapsed into a musical singularity