Recently I became aware of the Dynamic Range Database available on line. Check it out. Interestingly, according to this database, the vinyl version always scored highest on the scale of dynamic range over the many CD versions. Some versions of the same music in CD might match the vinyl's dynamic range, but rarely exceeded the vinyl. I believe CD compression explains much of the perceived inferiority of this format. Generally speaking, I believe a typical LP would rarely sound worse than the CD version, but a well engineered CD can come close to matching the LP, assuming the best playback systems from both formats. This assumes dynamic range is an important criteria for your listening, which for me, more dynamic range = more realistic.
However, on super extreme, well engineered sources, with the very highest dynamic range, and on an unusually capable playback system, I think the story changes, and digital can exceed vinyl and tape. My professional level system (JBL M2, JBL Sub18, 3 Crown ITech5000HD stereo amps) is capable of super phenomenal dynamic range (1250 watts to each compression high frequency driver, 1250 watts to each 15" woofer, and 2500 watts to 18" sub) . Dynamic range capability was this system's major design criteria, and it is frequently used in movie and music production. I have carefully tuned my listening position using measurement, speaker/sub placement, and acoustical room treatment to handle this extreme dynamic range capability. When I play the SACD of "Bucky Pizzarelli-Swing Live" by Chesky, which has the highest dynamic range in my collection, and is what I consider a "super" disc, and play it at a generous SPL, the effect is jaw dropping. I think, how is that even possible. I don't believe vinyl is technically capable of this super extreme, and considering the base notes being produced in the room, I wonder if you would be hard pressed to even put the TT in the same room as the speakers.
Unfortunately, really, really good sources with extreme dynamic range are rare.
However, on super extreme, well engineered sources, with the very highest dynamic range, and on an unusually capable playback system, I think the story changes, and digital can exceed vinyl and tape. My professional level system (JBL M2, JBL Sub18, 3 Crown ITech5000HD stereo amps) is capable of super phenomenal dynamic range (1250 watts to each compression high frequency driver, 1250 watts to each 15" woofer, and 2500 watts to 18" sub) . Dynamic range capability was this system's major design criteria, and it is frequently used in movie and music production. I have carefully tuned my listening position using measurement, speaker/sub placement, and acoustical room treatment to handle this extreme dynamic range capability. When I play the SACD of "Bucky Pizzarelli-Swing Live" by Chesky, which has the highest dynamic range in my collection, and is what I consider a "super" disc, and play it at a generous SPL, the effect is jaw dropping. I think, how is that even possible. I don't believe vinyl is technically capable of this super extreme, and considering the base notes being produced in the room, I wonder if you would be hard pressed to even put the TT in the same room as the speakers.
Unfortunately, really, really good sources with extreme dynamic range are rare.