It was recorded during the group's annual Beacon Theatre run in New York City on March 25 and 26, 2003, and released a year later.

Jurek additionally stated that the album "is essential for anyone interested in rock & roll".

Bailey specifically praised the band for "completely reconstitut[ing] into units making new music as opposed to simply recapitulating the old".

[3] In a separate article for the same publication, Doug Collette called the album "without doubt the document of a truly great rock and roll ensemble playing with as much fire as finesse", and commented on the collaborative nature of the album's production and its improvisational style.

[4] Writing for PopMatters, Adam Williams wrote that One Way Out is "flawless in all respects" and that "all doubts are dispelled as to who the finest live jammers are [...] the Allmans and the Beacon have become synonymous with extended play brilliance.