Here is how I recommend looking at it in today’s world. You can get the same sound quality from streaming as you can from analog for, roughly, the same cost. Now let me qualify. Components must be well chosen (put the work in). If your system (total) is say $20K - $50K… then maybe your digital end will cost 10 - 20% more. If it is $100K - $200K then maybe each leg cost about the same for parity in sound quality. If much more expensive then digital is more expensive by 10 - 20 % again.
I have wanted my digital end to sound as good as my analog for 40 years. It finally happened a couple years ago. Wow, that took a while. But, when it happens it is pivotal… paradym shifting. Suddenly you stop getting up to put on an record… why would I? Because I like to go get it, clean it, get up to flip sides? Well, sometimes I do. But not often. Also, The whole world of music opens up… now you have millions of albums to choose from… for only $14.99 a month.
So, rule of thumb, to create streaming that sounds as good as analog. Streamer = Turntable, DAC = Phonostage. Invest the same in each, subject to my thoughts on overall investment in your system. Depending in the overall cost of your system. Say your TT = $5 and Phonostage equals $5K. Then $6K streamer and $6K DAC.
This is just a way to think about it. You can see my system. I think I am in the sweet spot where all four key or the components are in the $18K range and the digital and analog are equal.
Oh… my preference in streamers is Aurender (I have owned a Aurlic, and used PCs, MACs, and many other devices). Linn also makes world class streamers (yeah, who would have thought). For DACs Audio Research,.. yeah… really musical and detailed… also Berkeley.