I think that's a fair point against peak recording. My records get a thorough clean before playback and recording, so I typically don't run into any that loud. I have some crystal quiet LP's, and some not so quiet LP's. Selective utilization of peak recording would have to be used. Since one would have to screen the LP for peak transient to peak record, simply record around -6dbFS, and if there are pops and clicks that prohibit peak recording, you have the capture for normalization method.
Perhaps
@daftcombo could comment how he handles it since I believe he prefers peak recording.
certainly a well understood process and obviously utilized and suggested by many reputable folks.. that said, I probably didn't make my point properly..it's still a digital modification to the original bit data. Which means you're at the mercy of the program doing the normalization, just as the quality of the capture is dependent on the quality of the ADC that's capturing. It's a process, void of A/B comparison may or may not be hurting the capture. In A/B comparisons of a couple different tracks from different LP's, I can tell the difference between the peak capture and the normalized file.
Let me elaborate on my setup to help shed some light.
I record LP's in Manjaro Linux, and edit using Audacity. Unfortunately, the fully functional version of Audacity in my distro is stuck at 1.4.2. The current release of Audacity is 3.x, which I cannot use on my pc. Who knows if the normalization algorithm for 3.x has been improved since version 1.4.2? Perhaps it's not changed over two full version updates, but perhaps the software as better all together, including the normalization.
I also have a Windows XP partition on the same PC which I use for Pro Tools for recording my own
music. However, this is also stuck at version 8 (i.e. ancient) as that was the last version of software for my original Mbox. I'm yet to try to normalize the same file in Pro Tools and compare it to the Audacity version, but that is something I'll do today. I've heard Pro Tools has it's own "sound" so there's that too.