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
I pay for a nos dac 24 dollars....The sound is totally holographic and not veiled by digital glare.... Upgrading dont come to my mind you know why?

Because with a good source already the increasing in S.Q. comes more way more from the way you controls the 3 embeddings of the audio system....

I pity those who spend thousand and thousand of dollars for at best a microscope or a " digital sounding dac", mine sound like a tube amplifier with details.... The reason is the dac is good to begins with but the controls of the embeddings very good .... I know because it takes me 2 years of experiments each weeks to go there with the same speakers, dac, and amplifier....The difference is staggering...

No upgrade of dac 2 years ago  at any price would have given me that...... And i will die with the dac  i own now....If i win big money i will buy other speakers but first a tube Berning Zotl amplifier.... :)
technics Sl1200’s ? sure a $200 item will for sure blow it out of the water