Will a $700 turntable outperform a CD player?


I’m looking into getting a second source as I don’t want to be tied down to internet and a streaming service as my only source.  Will a $700 turntable and inexpensive phono preamp out perform a Cambridge CXC transport / Schiit Gungir Multibit?  
The Schiit Sol / mani preamp look enticing but I know nothing about turntables.

I used to dj and always used technics Sl1200’s and really liked them.  I can pick up a nice SL1200 mk3 used for $600...

I figure that before I start spending hundreds, possibly thousands, on cd’s or vinyl, I should be sure which format I want!

Thanks for any advice / input regarding this 😁

Best Regards,
Bruce
128x128b_limo
Even Joe Biden say's "make sure you have the record player on at night". Hey, perhaps he's even a member here under an assumed name. 👍
and..as Biden's inside joke, a name made up/pulled from the first and last names of all the people on the arkancide list.

Car A accelerates faster and car B goes round corners better.

Which of them outperforms the other?

How about all/and as opposed to either/or? I agree with noromance - get the Technics and have fun. This is a hobby - well, at least for me - so you can always tweak, upgrade, try new gear. If you like vinyl, you can upgrade to any number of affordable tables. I also agree that used LP's sound great, no absolute need for the re-issued (with the exception of some truly extraordinary reissues like The Band 45rpm and Mile Davis Kind of Blue 45rpm). a good record cleaner can make a difference. The Spin Clean system is under 100 and works great. I stream, play CD's, listen to vinyl - comparing/contrasting can be fun :)