I guess that to some extent it depends on what you are trying to achieve?
If you want to 'capture' the live mood of the club itself, then the use of an external mic - and possibly an external audio recorder, will be
much better than using camcorder internal mics. The fairly crude preamps, and AGC (automatic gain control) of most camcorders are simply not up to the job, even if the mics themselves are OK.
But even with decent mics, the 'live' sound, at that high volume, will still still rubbish, compared to a direct 'mixer' feed into an external recorder.
The bass 'boom', introduced by the room acoustics, just seems to make it sound so amateur?
All IMHO of course

--it could be that the 'live' bass boom is part of what you are trying to recreate, rather than a high quality audio recording?....
But it's still
way better than anything a camcorder mic is going to record
Maybe the DJs don't like you recording their set, directly from the mixer?...I don't know if these guys can get a bit 'precious' about the results of their knob twiddling..
(Hmmm.... that doesn't read quite right

)