I've listened to a lot of Mogwai audience recordings on this site. And in my opinion it can't get much better then this one.
Just listen to "Ithica 27o9", I think there is no version on this site were quiet and noisy parts come out that well.

Of course there is still something left to argue. During breaks and really quiet beginnings (for example "2 rights make one wrong") you can hear the german audience, but it's a concert, listen to the albums if you don't like the crowd noise.
During the songs the audience shuts up and most of the time the band plays loud enough, so this is no real problem. There are shows with a much more disturbing crowd on the archive.

So to sum up, it is an awesome recording. I had to look for the other recorded shows of the taper "e-tremblay". Please keep on recording man.