My experience varies
- I've heard records sound incredible such as 180 gram Black Sabbath Paranoid, Daft Punk, Rush, S&M II by Metallica and the Dave Matthews Band. But it wasn't always better than digital - after I upgraded my turntable and cartridge the specific recordings have a wider soundstage with excellent dynamics.
- I've heard excellent sound from hi-def digital (lossless with a variety of formats ranging from DSD, FLAC MQA.
I started to listen to digital 5 years ago and I enjoy the access and variety of music versus my album collection. As I upgraded I predominantly listen to digital yet analog is a special event so I invested in the analog chain to be high quality (I would say sub-reference level) just like my digital source.
I agree with others that an excellent digital source is a bit easier to build and if I didn't own 300 records (most bought in the 80-90s) I would have focused on digital only.