Hi Phil! Don't worry about the REC button syndrome, it should disappear with practice.
Your take is not bad, you are close, and considering the nervous factor, I can say that you are very close to master this one. However, there are 3 important things to have in mind for the next recording:
- Tuning: Again! Yes, your guitar is not perfectly tuned. I talked about this in the other REC take. We can't forgive tuning issues on REC.
- Timing: Well, you've already said it, you have to work on timing. I shared an idea at the thread in which you asked about how to play tight over this backing used as a loop. It's not and easy groove to follow, but if you do the inner count, you will be able to play this one tighter.
- Vibrato: Your vibrato is weak on this one. Compare your take with Bear, check his way of playing vibrato and if it's possible start working on this lesson:
http://www.guitarmasterclass.net/ls/Bens-Vibrato-Odyssey-5/