Reel to reel , is it real the hype!


I am thinking of venturing into the realm of reel to reel.
I have access to purchase an otari mtr10, with enhanced 1/2 “ head block, refurbished and recapped for 9k.
my system is in brief is ayre kxr and mxr twenties playing through magico M3 with Jl audio Gotham subs. Front end digital is souped up wolf streamer pure digital capable of playing 512 and 1024 dsd files , t+a sd 3100hv dac( capable of playing 1024 dsd native . Front end analogue is sme 30/2 with Lyra Etna lamda sl catridge playing through vandenhul grail Se+ phono stage.( please see my system page for details )
my question is will the otari give me better performance than my digital and vinyl front end . Thank you in advance .
newtoncr
I have two Otari MTR 10's both 1/4" 2 track machines all completely stock, I had Studers in the past but; after hearing my first MTR I sold the Studer and bought a second MTR 10.. They sound fantastic in my all bit horn low powered tri amped system. I have over 60 copies of Master tapes @ 15ips IEC and nothing sounds better!!! 
I have a Redpoint Model D TT with a Triplanar arm and Soundsmith cartridge and hundreds of first press albums from the UK, and the tapes just absolutely destroy all of my vinyl. I also have the Tape Project Tapes and they are better than any vinyl I have.... You can't go wrong with getting into R2R!!!!! 
@jsman interesting observation but my experience so far is a little diff. I got master tape copies including from tape project … once I level match my digital and analogue systems the diff is very subtle … dsd copies sound pretty indistinguishable from reel … pcm don’t sound so good but still close …500$ tapes have a charm but dsd digital through my system is very very close /similar . Building an authentic master tape copy library is a great feeling for sure. 
two decks is a good way to go. And as one poster mentioned, making a play copy is not a bad way to go, since if its a fav piece of music, you can play it to death and simply make another copy if need be. 

For those of you with MTR decks (10 or 12) and stock electronics, here is a very simple change you can make. If you slide out the two audio cards from their rack rails, directly behind the card faceplate, you will find 6 0.1uf red kidney colored caps. These are bypasses on the rail voltages coming into the card. Replace all six on each card with 0.1uf Nichicon XY series foil and film cap. These nichicons can be sourced from mouser or digikey. will cost you about 12 -15 bucks in parts. when installed the new caps will remove a blanket that was covering your speakers. The stock caps were metalized film, not as open sounding as film and foil. Takes about 15 min per card to do the change. If you do not feel comfortable doing it, plenty of techs that can do the change for you. 
@johnss blank tapes are very expensive. Doesn’t seem to be worthwhile having 2 copies of same .. except for critical listening I would use digital … as I mentioned earlier, my digital setup the sound is very close if not similar (dsd) .
is there a source for cheap tapes so I can make copies of my vinyl, selected few .
my mtr 10 the caps have all been replaced but I don’t know the details of the replacement. 
@newtoncr blank tape may not be cheap, but high end R2R is not a budget hobby. If you have a production master of something like the Beatles' Revolver, it is something to be cherished and cared for. Every pass you make over the tape heads will degrade the tape by a very small amount. Production masters are pretty much irreplaceable. It's the tape version of an LP lacquer (albeit more robust).
If you copy your USD 500-1000 production master once onto new tape and also onto digital, you will have absolutely the best quality source for your music. Play the copy or digital file as much as you like - its won't matter if you shred the tape copy or corrupt the digital dupe. You will still have your original master to run another copy off carefully, before storing the master again.
USD 60-80 may not be cheap for a blank tape, but blank tape is relatively easily available. Production masters aren't.