I suggest you buy this
Digital Audio Explained book.
It explains it all clearly. It will cost you very little and it will put your mind at rest. An ordinary 16 bit CD has 96 db of dynamic range. 24 bits give you 144 db dynamic range (this is really only needed by studios, as they mess with signal levels on each track and it gives them a bigger sand box to play in).
Since a turntable will give you at most 60 db dynamic range (well known fact) then you have a lot of room to play with even with 16 bits: 96 - 60 db = 36 db of extra dynamic range, which is about 6 Bits that really are never needed to faithfuly reproduce the entire output of a very high quality LP/TT rig.
Add to this the fact that recordings with such extreme dynamic range as 60 db are extremely rare to almost non existant. Try Shefield labs drum track and you may get close to 60 db. I have the CD and I can hear the print through of the kick drum from the analog tape very clearly. It sounds like tiny clicks which echo the real recording only a second or so later and it stems from the way the tape is stored on a reel. (analog tape has limted dynamic range of about 60 db too)
I really think you are worrying too much.