OldTheatreLover said: "I saw Liza perform live in the early 1970s at TheGreek Theater in LA. She danced and sang flawlessly and at the end,she was a sweaty mess but marvelous. She didn’t sound winded after any of her numerous numbers be they dance or song. "
She has admitted that she lip-syncs to certain numbers. This is from an article about her 1974 one-woman Broadway show LIZA:
From start to finish, Liza was a breathtaking powerhouse of talent. Each number was highly stylized and vocalized. However, much to the chagrin of the theatre afficianados, Liza and her quartet of dancers committed a major musical theatre faux pas by lip-syncing to several songs, including "Natural Man". (She would commit the same faux pas again three years later, to great criticism, when she starred in THE ACT.)”
We decided to lip-sync because we had no other choice," Liza explained. "There were numbers people wanted to really see -- especially 'Ring Them Bells' -- and I just couldn't do that huh-huh, panting kind of singing as I danced."