I read Jim LeSurf's article and I have no idea where his formulas come from and what they mean. But I love a good challenge... so let's settle this once and for all
; wikipedia knows it all http://en.wikipedia.org/wiki/Comparison_of_analog_and_digital_recording
Unfortunately, you will have to buy Metzler's book http://www.scribd.com/doc/50438292/Audio-Measurement-Handbook-2nd-ed-2005-Bob-Metzler - he works (worked?) for Audio Precision. But notice, Keith Johnson said a "direct-cut LP" has a high dynamic range.
EDIT: Found a free copy of the book http://www.uldis.info/jvc/Audio_Measurement_Handbook.pdf
The dynamic range of digital audio systems can exceed that of analog audio systems. Typically, a 16 bit analog-to-digital converter may have a dynamic range of between 90 to 95 dB (Metzler 2005:132), whereas the signal-to-noise ratio (roughly the equivalent of dynamic range, noting the absence of quantization noise but presence of tape hiss) of a professional reel-to-reel 1/4 inch tape recorder would be between 60 and 70 dB at the recorder's rated output (Metzler 2005:111).
The benefits of using digital recorders with greater than 16 bit accuracy can be applied to the 16 bits of audio CD. Stuart (n.d.:3) stresses that with the correct dither, the resolution of a digital system is theoretically infinite, and that it is possible, for example, to resolve sounds at -110 dB (below digital full-scale) in a well-designed 16 bit channel.
Unfortunately, you will have to buy Metzler's book http://www.scribd.com/doc/50438292/Audio-Measurement-Handbook-2nd-ed-2005-Bob-Metzler - he works (worked?) for Audio Precision. But notice, Keith Johnson said a "direct-cut LP" has a high dynamic range.
EDIT: Found a free copy of the book http://www.uldis.info/jvc/Audio_Measurement_Handbook.pdf