The RIAA time-constants (3180uS pole, 318uS zero, 75uS pole) are specifications that communicate exact magnitude AND phase behavior of the equalizer for any given frequency. Can't have one without the other.
But there's a 40dB-ish magnitude difference between the top and bottom of the audio spectrum with the RIAA curve, and implimenting this purely in the digital domain will greatly magnify the usual noise vs. headroom vs. distortion tradeoffs which are the basis for the challenges in designing high-quality analog phono EQs.
If this is just a "use what you have lying around" kind of application, then it may make some sense . . . but if you're looking for the highest quality transfers or making an investment into new gear, then you will generally get much better results with a high-quality phono preamp with analog RIAA compensation.
But there's a 40dB-ish magnitude difference between the top and bottom of the audio spectrum with the RIAA curve, and implimenting this purely in the digital domain will greatly magnify the usual noise vs. headroom vs. distortion tradeoffs which are the basis for the challenges in designing high-quality analog phono EQs.
If this is just a "use what you have lying around" kind of application, then it may make some sense . . . but if you're looking for the highest quality transfers or making an investment into new gear, then you will generally get much better results with a high-quality phono preamp with analog RIAA compensation.