Hi There
I am not a really big fan of recording via the SB series sound cards. Remember that they are in fact nothing more than hyped-up PC speakers. These card are primarily designed for audio Output such as video games and the like. Their
Input jacks (line in/ Mic) aren't meant to be used for HIGH quality recording.
Should you wish to record high quality audio at a reasonable cost, may I suggest the M
audio Delta 44, 66, 1010 series PCI cards (
http://www.midiman.com). They are indeed sweet cards at very reasonable prices, allowing either 4, 6 and 10 simultaneous inputs.
But if you find youself having to use your SB Live card for audio recording, I suggest that you use the Mono line out on your POD and go into the line in of the sound card. Stereo out is nice for the effects, however, remember that you only have one line in on the card, therefore Stereo out is useless (the signal is being "mixed" when coming through a single input, and therefore, not true stereo).
Also check the line in Input levels (not the mic input levels) on the SB mixer. Are they too high? *Too low? *Also check the output level of you POD.
Best of luck