I believe that it can be good enough through speakers in a "normal" room. To the point that I would feel like a troll if I held it against someone for being perfectly happy with the medium for the rest of their lives. Better: I believe it can let one appreciate an excellent recording. But for me this is with proper set-up and by following the science. I'd probably hate most people's set-ups, however (lol), as I do not believe most people follow or don't have the means to follow audio science. And that's not fair to the medium when pit against another. And that's not fair of me to think of such a set-up as representative of what the medium can do. And I think my samples can help demonstrate what I mean.
With most good AB tests of things close to each other I can often differentiate but I try to be honest with myself enough to admit that I often cannot make a value judgement. Here I wouldn't go THAT far but still it is close enough to illuminate things for me. I chose the track because it plays with quiet, sound stage, instrument position, etc. I can tell during the quiet moments in the middle which is vinyl and which is digital, but IN MY ROOM it is not a make or break difference. And if I never heard the digital I could believe it is simply the recording. I don't write this to brag but to make a point: I am using Revel F226Bes, subs, Benchmark AHB2, miniDSP SHD with room correction. I am adding as little as possible to the sound and this helps me be more confident in knowing that I am not introducing anything to alter the recording and can make a sound judgement about it. My system has practically no distortion (not that that is needed with vinyl) and I am allowing a wide soundstage (Revel) for things to bloom. What is striking to me is that I am not hearing the limits of crosstalk as the sound stage width, instrument separation, etc. sound about as good to me in the vinyl version. I really can't say I hear the approximately approximately -48 to -40dB distortion in the most audible areas of the FR but honestly I think the room is covering it up to the point that I am not hearing anything I can call added warmth or euphonics. The bass sounds as deep. The dynamics of the bangs, the bells, and the left and right channel interplay sound pretty much the same to me. And this is not a crap recording. Haroumi Hosono produced it. He's as good as it gets.
BUT ON MY HEADPHONES - reviewed here and shown to have amongst the lowest noise and distortion and with an ASR created EQ - the crackling on the opening absolutely kills it for me. I can hear far more pops. What is important is that I CANNOT hear the crackling on my stereo, at least from my distance of 10 feet. I encourage everyone to compare. I'm not afraid to put myself out there. Something like this is the real value of the sample. I really do believe that a lot of critics use the known limits of hearing to judge the medium while skipping real world use limits. Those limits are much more evident in the enclosed space of a headphone. To me vinyl is not meant to be heard on a SOTA headphone set-up--but isn't that obvious? Speakers and headphones are two different things and that's what I mean when I say people live in theory land. (If you knew me you would laugh at me for saying that.) It doesn't mean you are wrong but the world is seldom up to it. So I encourage everyone: listen to the samples. Listen on your stereo and on headphones. You may disagree and you may hear the issues on a stereo more than me, you may have a better room, but you will know more about my limits and experience and likely treat me more like a human being than dismissing me and everyone else altogether. You can say I can hear that issue a bit more than he can, but he's not crazy, I can see where he is coming from. And before anyone responds with...but this one example doesn't represent all vinyl. Well, its relatively easy to fully capture vinyl performance. Let's hear what you are talking about. I'd be curious to know/hear what is considered a medium specific issue that can't be fixed with proper use. Maybe it can help me re-evaluate my samples. But please be able to discuss the set-up and how it relates to audio science.
And to add one thing: I encourage vinyl lovers to scrutinize the sample on a SOTA headphone set-up to better know what people are criticizing. Technically they are right.