My current analog system is modest by comparison to many on this site. What has been humbling and enlightening is that although I've doubled the spend and the sound quality has indeed improved, it's still hasn't eclipsed what I was hearing in my old room (in my last home).
Could it be that the OP's analog reference was experienced in a better room?
Although my 10" Tannoy Turnberrys make better bass and overall tonality than my old Salk Songtowers did in my current room. They were not as good as the same Songtowers in my old room. The bass was deeper and the tonality was better.
I was using cheaper elliptical MM carts on my Technics 1200G back then and felt like I was getting more detail than my AT33PTGII now.
The benefits of a good room are all over the spectrum. Better imaging, clarity, resolution...yadda...yadda yadda...
Better equipment helps but we listen to it 'through' a room. A room that will muddy or smear or boost or even filter out frequencies.