I agree that acknowledging vinyls shortcomings, accepting that there always be some involved, is a good approach. Otherwise one may be condemned to dissatisfaction.
Though depending on what shortcomings you are thinking of, I may not agree they make the format. For instance, I'm not a fan of pops/ticks/crackles and record noise in general.
It doesn't require a commitment to "hopeless" perfection. It can be entirely rational to take steps that will increase the sound quality of vinyl. Personally, I found moving to a better turntable/cartridge decreased some of the distortion I didn't care for - record noise, decrease in fuzzy distortion during complex passages - and increased the sonic qualities I was looking for - greater clarity, smoother, etc. But the sound maintained the general 'vinyl character' that I quite like, which I wouldn't get from a cheap DAC.