I have used a Creative X-Fi HD external sound interface, and it worked well enough for needledrops. It did not measure particularly well here (SINAD at 91 dB as I recall), but it's good enough for this purpose. Using it, I cannot tell the difference in FLAC files and original playback.
I have since moved that device to my upstairs office computer (feeding an old Carver amp and cheap and ancient Alesis monitor speakers), and bought a used Benchmark ADC-1 USB for my main system. It is superb, and dramatic overkill for recording LP's. But its very high signal/noise ratio means I can record with 6-10 dB of headroom and digitally amplify the file after recording to whatever I specify as the peak level, without also amplifying noise into the audible range. And the Benchmark has immensely detailed gain controls. Back in the days of recording needledrops onto tape, we had to hit that record-level mark right on the button, which required listening to the whole album to check every peak to make sure we were using every bit of the limited dynamic range of the tape recorder. It's much easier now, even though digital clipping sounds far worse than peak compression on tape.
(I also own a Presonus Studio 24C, which is intended for use with microphone inputs like a lot of commercial-sound products. The Benchmark can amplify microphones with high outputs, but lacks the sensitivity for low-level condenser mics. The Presonus has two channels of 50 dB microphone preamps. But the main reason I got it is that it mixes microphone inputs and backing tracks (coming from the computers) in the analog stage and sends them to my headphones, with control over the relative mix of microphones and backing audio, and a volume control on the head amp. But it would work just fine for needledrops.)
The rest of the chain is: Thorens TD-166 II in fully and carefully restored condition, Music Hall Cruise Control adjustable-frequency power supply for the Thorens, TP-11 tone arm (their cheapest, but carefully adjusted), Audio-Technica AT-440MLa cartridge, Adcom GFP-565 preamp phono inputs, Benchmark ADC-1 through the Tape Out bus of the preamp, USB to the computer, Win10 computer running Vinyl Studio. Vinyl Study has a declicker built in, and also does a very good job of pulling track information from the web to make splitting the raw files into tracks easy. It will save the files in any usable format--I save them as FLAC files, recorded at 24/96, and then downsample them to 320 mb/s MP3's to put on my iphone and the thumb drive I use in the car. I play the FLAC files directly on my system using Music Bee (Vinyl Studio will also play them, but it's less convenient).
Some have questioned the reason for doing this. Here's mine: I already own the albums. And possession of those disks (LPs and CDs) is a permanent, unassailable right to play that music on my system, as long as I have the equipment to do so. Same with my CD's. I do not have to worry about digital rights management, the integrity of some company's external database, my internet bandwidth (which sucks), a company's decision to compress the music just because they can, or the state of my credit card to sustain that right.
Rick "with parallel capabilities that can remain configured for just one purpose" Denney