Do cd's store a more exact copy of sound than LP's


I am very interested in moving into the vinyl/analog world after several very rewarding auditions. However, I came across this comment of someone in the recording industry:

"LPs can and do sound absolutely sutnning with the right turntable and vinyl, but don't fool yourself - it is a euphonic coloration. SACD, DVD-A, CD or analog tape are a more accurate method of storing a more exact copy of what is on the master tape"

This seemed contrary to my understanding. For example, I understood that CD's recorded at 16/44.1 created phase errors which needed to be corrected by very complicated algorithms. What do the vinyl guru's reply?
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I guess I should be clear that the point of my post is to say "That's a very complex question with an extremely complex answer, and I really don't know enough to know the answer". However I do know that there isn't a simple answer, so don't let anyone tell you there is.

I think the previous poster said it all ... let your ears decide.
The prevailing opinion of those professionals who regularly compare live to recorded sound, namely recording engineers, is that digital, even in the 44.1 format, is a more accurate representation of the sound actually produced by the musicians in the studio/concert hall. That said, a majority of engineers prefer analog tape to digital recorders because even though it isn't as accurate, it simply sounds "better". Whether or not you prefer the euphonic inaccuracies of vinyl is a personal choice, but digital is typically closer to the actual sound of the master tape.

BTW, I actually agree with Nrchy in that the red book digital standard is flawed, but anybody who actually understands how vinyl is made also knows how totally inadequate it is as a medium for conveying the sound of the master tapes.
Seandtaylor99, I think you are right about people getting hung-up in theory, although a good theory is a very practical thing. The implementation is of utmost importance. There are radicals on both sides of the great divide. The little staircase argument is always a good one and leads to the smoothness/continuousness vs. the harshness/ “something is missing in this music” position. Strangely enough if one stops to think about it, the way an LP works can also be thought of as a number of discrete vibrations of a stylus that has to get to some sort of "discontinuousness" at some point.
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I agree with Seandtaylor. It is not so much the resolving power of the recording method as the resolving power of the listener! Ex. Visual reproduction using film, which is played back at 24-32 frames/sec looks fully resolved because our eyes can only distinquish discrete frames if played back at slower speeds than 24 frames/sec.