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
128x128b_limo
Not to get all anti-McLuhan-esque, but to me the message counts more than the medium.  Sure, fidelity, convenience and habit figure into it.  But whether it's phono, CD, SACD, download, streaming or one of those many wonderful magnetic tape variants(!), I tend to go to the place that enables me to hear that I want to hear.
Look for a used Rega RP 3 should come in at around $700. Easy to set up sounds great.
I don't see "ONE" as the best. I would zero in on one, get it the way you like, and if you want to tinker, well have fun.
BUT one better than the other, maybe...or maybe not.... 

Regards...