SOTW's article on "Saxophone Recording Techniques", written by Johnny Ferreira, may be of interest. Re mics, Johnny notes:
"[Famous record producer Tom Dowd's] preference for me was the Neumann U87, which first came out in the 60's. For King Curtis and John Coltrane, which Dowd did in the 50's, he would have used the Neumann U47. Both these mics are still very popular in the studio today.
These mics are still the industry standard, because they are a large diaphram mic producing a big, warm sound. They can be found in any major commercial studio, but not necessarily in the smaller project studios because they cost several thousand dollars each. Still, I wouldn’t put the brakes on a session or recording project if these mics weren’t available. Today, companies are making really good mics for under $500. For the CD I just completed, Rock & Roll Saxophonist, I used several different mics; two were under $500 and one was $3000. The really good inexpensive ones are the Shure SM7 and the AKG C1000."
Check out the article for tips on recording and other equipment.
http://www.saxontheweb.net/Rock_n_Roll/RockSax13.html
http://www.johnnyferreira.com/
Also, in Part Three of the SOTW interview, "In the Studio: Tips and Techniques", he discusses recording at his home studio, including mic placement.
http://www.saxontheweb.net/Rock_n_Roll/JohnnyFerreira1.html
http://www.saxontheweb.net/Rock_n_Roll/JohnnyFerreira3.html