So Joe Doubleday has been talking about Mics and Pics on Facebook to me. So I thought I'd start a discussion.
I think they both have there place and both are useful. For me mics come first, pick-ups second. The sound will dramatically change with pickups. It's a different beast all together just like the Mallet Kat is totally different But both good weapons to own (not sure why I used that analogy). I do think though after you have the mic thing down pick-ups are the next step, for the really loud gigs.
I have both and use both for different purposes. But I would master volume on the instrument before you get the pick-ups.
That's just my 2 cents and I posted this to get other opinions so fire away.