Indeed. But you still first need an editor software that allows you other manipulations.
Baudrillard said:
If you just want CDs, then it might be OK just to record in 44.1.
No, I would not record in 16/44.1. Here is why:
LP and CD have broadly similar dynamic ranges, if comparable measurement standards are applied. This means you must get the recording level JUST right or you will loose dynamic range/clip the A2D, plus LP contains sounds higher than 20KHz which may be recovered by a good quality Turntable/Pickup solution.
If you record using a nominal 24 Bit A2D which has a near 20-Bit actual resolution (eg the better EMU cards) then you can afford to record at up to 4 bit (24db!!!) less level than you would need for a single pass 16 Bit recording. Recording at 88.2KHz or even 176.4KHz pushes many undesirable recording artifact well outside the audible range and any "problem" items (clicks, noise) are recorded at a much greater degree of precision allowing easier digital manipulation.
So basically, you gain "headroom" and "footroom" and "resolution". Any manipulations, be they re-equalisation, de-clicking, noise reduction or anything else will work better (if much slower) on the higher resolution wave file.
You then analyse the resulting wav file for the maximum level present and if this is a tick or pop, you use the peak value of this to apply "digital gain" to in effect make this highest peak digital full scale -1db.
If you then downconvert the wordlength to 16 Bit (with whatever dither you like best or in my case by simple truncation) and the sample rate down by the integer multiple 2 you have made sure that you get the best possible dynamic range from your LP2CD transfer. It may be worth to also author a version as 24/88.2 or 24/176.4 DVD-A or just keep the wve file on the HDD, as I would argue that good quality 24/176.4 retains the original of LP well, which in not my experience with 16/44.1, where especially the noise components seem to undergo hard to predict changes making things often sound not identical to the analogue original.
Ciao T