This is like that old joke about bacon and eggs- the chicken is involved, the pig is committed.
I’m "committed" to the LP format since 1970 or so. Which means I have a fair amount of records. Yes, more work, and if I were starting out today, I’d seriously question going down the rabbit hole. Aside from the gear, you’d have to look at the cost of the source material. Older pressings are great, but grading and price inflation make it expensive. One of the reasons I’ve shied away from tape- it isn’t the cost of the machine, it’s sourcing the tapes. Some new LPs are terrific and don’t cost a fortune-- e.g., the Tone Poets label. There are others.
I experimented with streaming without going all out- I was surprised at how good it sounded using Qobuz, but the catalog was more mainstream, not so deep on more obscure jazz.