Hi Ken,
For live performance I use an $80 Shure SM57. I have not risked using a condenser mic for a live performance because they are much more prone to damage if dropped. In fact, I get good results using an internal UST piezo through a Fishman Aura Spectrum DI preamp combined with the external SM57 mic.
The Rode M3 would be a very nice condenser mic for live use. These are supposed to be fairly sturdy, and you will of course be careful not to drop it anyway.
- Glenn
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