There are four musically-complete commercial recordings, all by D'Oyly Carte, each of which has significant liabilities. The 1924 recording is extremely important historically. There are three recent CD re-issues. The 1932 recording is my personal favorite from among the four. Malcolm Sargent takes somewhat brisker tempi than he would later in life, and the singers bring great enthusiasm to their roles.
Sound quality is excellent for the period, and there is a CD re-issue.
However, the decline in Lytton's interpretive powers is rather noticeable, and not all listeners share my view on the individual performances. The 1955 recording features the worst performance in the title role. Victoria Sladen's interpretation is almost painful to the ears. However, in all the other roles, the performances are excellent, and many people feel that Isidore Godfrey got the tempi just right. This recording is not available on CD, but the LP versions can be found second-hand.