The M-216 is the stereo mic, the M 260 is a small diaphragm tube condenser [so you'd need two for stereo which is absolutely do-able]... and yes, both will transfer from "live" to "studio" work without a problem.

Paul David Hager [Goo Goo Dolls - live & studio / Miley Cyrus - live & studio] has an M-216 that he uses for drum overheads in both applications [live & studio]... which doesn't mean its germane to any of your potential applications, just an illustration that it can be done, and that someone is doing it.

Peace.