@daveyf ,
I record rare, out of print records to my hard drive all the time. The people who bring these records over are other audiophiles. Not a single person can reliably identify the recording vs the real record. I can go back and forth between analog and digital RIAA correction. This one is close. Most people cannot tell the difference. I notice an improvement in imaging on the digital side. A few others describe similar improvements. IMHO the people who prefer analog have uncontrollable expectation bias. There are evils used frequently in digital recordings like extreme dynamic compression which is very unfortunate. This is not the fault of digital, and there are many digital sources that are not compressed. IMHE it can go either way. Some analog records are better than their digital counterparts and vice versa.
I think my own system is the best residential system I have ever heard, but I designed it to be that way and it is certainly not others cup of tea. This is not to say there are not improvements to be had. There are. I am sure it can be even better and I know where specific problems are that need to be addressed. Going back to analog is not on the list and never will be.
Forgetting about digital vs analog sources, there are things you can do in the digital domain that are impossible to do in the analog domain either entirely or without unacceptable distortion. Crossovers are one example, correction of group delays and adjustment of amplitude are others.