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
Hi Bruce, I say absolutely say - go for it-. You'll be happy you did!! I'm currently using a VPI Traveler (nice table put away) which was gifted me, new condition. It is perfectly fine and enjoyable for now, I've had records for many years, so have quite a few. I'd NEVER be without them! For the last couple of years, a local charity thrift store sells records for 25 cents. I go there quite often, and find mainly classical obviously (and some nice Jazz surprises) mint- condition. Classical is not popular plus owners seemed to always take care of their records. Rock are the worst cared for! Sometime's finding weed scraps in the gate folds. 
If you get the best digital and compare it with the best analog their sound will be very close . So close as to say that one can prefer one over the other and no one can complain . Obviously these playback system will be in the thousands .

On a more earthly system a 700 dollar Analog playback system a la Rega 2 or 3 or Project 1expression 3 with a good cartridge ( which will push the price of the analog rig over one grand ) will outperform a good 1000 cd player even though a good one will give the analog rig a run for its money at this price level .
The latter being how we arrived at this mess that we have today, one where engineering prettiness (i’s dotted, t’s crossed...) is more important that the reality of human hearing, human hearing --which is not looked at by the specialized people doing the ADC/DAC engineering.
I will gladly second you on that....

But for the eternal analog/digital debate, my point and experience is the 3 embeddings of an audio system contribute way much to the S.Q. than the choice of a dac or a turntable....

But who gives a damn for embedding the audio element where they cost so much in dollars and are state of the art? Almost nobody....I know because the discussions are about vinyl or digital, cables, tube amplifier versus S.S. etc.... All that totally secondary in S.Q. to the rightfully 3 embeddings in a dedicated room....

:)
Even Joe Biden say's "make sure you have the record player on at night". Hey, perhaps he's even a member here under an assumed name. 👍