No, you don’t. The s/n, FR, and resolution of a hi-res digital file far exceeds that which can be pressed to LP. No information is "discarded."This statement is problematic. LPs since the 1960s have had bandwidth to 40KHz and beyond- I suspect that is one reason they are still around, as they have the widest bandwidth of any format.
Recent advances in pressing technology (mostly at QRP) have allowed the pressings to be considerably lower noise, rivaling Redbook. Most of the surface noise of an LP is produced during pressing; almost none from mastering.
Phono sections themselves can be responsible for ticks and pops without the help of the LP; this is due to poor HF overload margins; and that due to the fact that many designers don't take into account the simple fact that cartridges are inductors and tonearm cables have capacitance. If your phono section can't deal with the resulting resonance, it can make ticks and pops independently of the LP surface.
Tradeoffs, but not 'far exceeds'...