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
Yes and no.It depends .But I still love getting good cds now for like a buck.Yesterday I got Tin Machine first and Miles Davis Essential double cd never opened both for 2 bucks .20 years ago they would of cost 30 bucks .They sound excellent. I'm old school ,I  like having the cd of lp .
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@dutchydog 

Yes Miller carbon might bore you but just scan past. It’s more bothersome to listen to people be rude about someone else’s post. There’s better ways to make a comment.  I miss the old days when people were more respectful to each other. 
 I would like to take this opportunity to apologize to the good people at audiogon and whoever it was that I said crass things about I am normally not like that at all and value everybody's opinion I thank you very much for not kicking me off the site and giving me a second chance this will never happen again all I can say in my defense is that what a little bit of alcohol can do to a person's brain
The way I understand it is that digital has finite digits.....no digits to limit LP