In comparison to modern digital no it isnt hifi. All the reasons why have already been explained. Hifi - faithful to the original. Yeah, you just have to mono low frequencies, de-ess, limit both low and high frequencies and make sure there are no out if phase signals. Then of course after that listen to progressively increasing distortion through the album side, noise, pitch instability, cone flapping, acoustic and vibration feedback, innacurate FR........
But you know all this already. There is nothing obtuse about it. Conflating and arguing your preference or tolerence for all these known and proven limitations with the definition of hifi is actually the antagonistic position.
Enjoy your LPs, but lets not pretend they are something they clearly are not, especially in the context of the alternatives available in 2018.