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ok for what you want to do Rob a whole band (and if you want them all on seperate channels) you will need things that are out of your price range, but if you just want to have a stereo recording of a mix of your band you will be fine with what you want. I have a motu taveller which is a nice sound soundcard this is 22 inputs and 22 outputs however only four micro phone preamps with phantom power; so I also have a digital console (o1v96v2) which has direct outs on every channel which allow me to get all my audio signals going to seperate channels in my rec software. These things are not cheap. You can do what you want with that mackie vlz and get reasonable quality recordings but you will have to work alot on your mix from the desk before you even hit record because you will only be able to record a stereo track unless you are going to buy a soundcard as well.
obviously you can track your drums, then your guitars, basses then vox seperately which will give you multiple stereo tracks withing your software.
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