Seventies, in regard to preservation of music, it has been unanimously decided by the most astute audiophiles that reel to reel tape is ultimate audio for "music lovers" .
In regard to computer storage, I use WAV and the difference between the playback of the reel to reel and the playback of reel to reel tape that I've stored on computer files is "minute".
I'm of that age, which could be questioned in regard to my hearing, but I think it's still pretty good; however, since I am of that age, the allegation that I don't have perfect hearing would have some merit. Never the less, I can distinguish the difference between LP playback, reel to reel playback, or CD playback from my computer.
There are some differences between my computer and stock computers in regard to cards, there is one card for sure that was recommended for analog transfer, but I don't remember which one it is. That information might be on the PC forum. I know for sure that if you do everything right, whatever you store on your computer will be practically indistinguishable from the original.
I used hi-res for awhile, but not every record was perfect; it was hit and miss so I quit, but that was when they first started.