Well Pabelson, from real life listening sessions, LP has always produced superior soundstaging AND bass separation. While from a technical standpoint, what you say about suming the deep bass on an LP maybe true, but below roughly 80hz bass is non-directional, so having true stereo bass all the way down to 20hz is just academic, maybe good for the technician in the studio, but with less real life applicability than made out to be.
Take the Telarc digital recording of the Cleveland Symphonic Winds conducted by Frederick Fennell - Holst suite No.1 and 2. On the LP the bass drums hits are definitely on the far L back of the soundstage, and they do go deep, maybe not down to 20hz, but certainly below 40hz, enough to shake my floor and sofa. And the bass isn't the one note type of bass, but its quick, well-defined and full of impact.
Now I also have the Telarc CD version of this excellent recording, and let me assure you, the LP version sounds significantly better, its not funny.