Will a $700 turntable outperform a CD player?


I’m looking into getting a second source as I don’t want to be tied down to internet and a streaming service as my only source.  Will a $700 turntable and inexpensive phono preamp out perform a Cambridge CXC transport / Schiit Gungir Multibit?  
The Schiit Sol / mani preamp look enticing but I know nothing about turntables.

I used to dj and always used technics Sl1200’s and really liked them.  I can pick up a nice SL1200 mk3 used for $600...

I figure that before I start spending hundreds, possibly thousands, on cd’s or vinyl, I should be sure which format I want!

Thanks for any advice / input regarding this 😁

Best Regards,
Bruce
b_limo
You know, the two possible combos you mention should be very close in performance, the vinyl setup looks really interesting and I would love to hear how they pair togeather, the digital setup is one I own and love that combo in my headphone rig with this caveat, the Gumby tics when you pause the Cambridge and this seems to be the case with some other transports when paired with it. I do really like the combo but find myself playing/preferring my VPI Scount with a Grace F9R in the same setup, but then again I am a vinyl guy. Enjoy the music
If you often find yourself tapping your toes along with music in the elevator maybe not. 
"Vinyl is so much better than digital it really is not a question of sound quality. Its purely a question of personality. If playing a record is something you will enjoy then its a match made in heaven. If it feels like drudgery then you will probably find it easier to put up with digital and learn to pretend not to notice how it sounds."  This exactly!!!!!!!!!!