If you're looking for an activity or you have a special collection of very old rare vinyl, then this could be a great pursuit. However, it is somewhat like high end audio. Putting together a system to play music with great fidelity can take decades and cost a fortune. Converting analog to digital can be the same. It has all the potential trade offs.
I own an excellent vinyl rig (Contemporary top of the line Linn LP12 ~ $45K) and 2,000 vinyl records in pristine condition... many are audiophile pressings. My streaming leg of my system sounds just as good often better with high resolution recordings and I have access to millions of albums (half a million are high resolution) for $14 / month (Qobuz). So, when I thought about recording my vinyl I would have just invested the money in upgrading my DAC or streamer and making streaming sound better.
Of course that is me, and we are in this pursuit for different reasons. You may really enjoy the process. Have fun.