Most of us here who have been into audio for a long time have experimented with both formates. 44.1/16 bit is a compression and 24/96 is compressed. I have heard a couple 100K rigs, not saying that money always gets you SQ, but when you combine a passion for audio, technical know how, smarts, and luck plus money these systems can get pretty dam good. With every system I heard records just had warmer and deeper bass. The quality of the bass was just better.
The best way to find a level of freedom is to use and enjoy both. Yes, some records which are for sale now have been made from the same digital master that was used for the CD. The best way to get your high quality vinyl is to buy audiophile disks. If you want to do it cheeply and your into 1970s-1980s mainstream rock there is still tons out there for a low cost. Older records from the 1970s have less compression and the manufacturing method was dialed in due to the sheer number of disks they were printing. There was still crappy records even then and even some your needle would read the sonic information transfering from the other side of the disk. So there are no fool proof ways other than to buy a lot of records and just try them.
Records are a hassle but for those into the hobby it can be relaxing to court music out of the old things.Anyone into Jazz will verify the better bass in Jazz recordings. For those getting the original Jazz records the sound has never been better, and they sound just like the day they were pressed, even if it was 1959. But classic Jazz records are expensive. I'm into Metal and Classic Rock so there are a lot of cheep disks around. I mostly play CDs only because they are easy to use. I really love my records though.
People into vinyl are also experiencing other great characteristics that are not so easy to just put your finger on. These are even stuff like transits and attacks which are really hard to measure and sometimes go unnoticed until you learn to look for them. On a great record played on a great set up there is even a more natural sound stage and relationship to the space between the instruments that LPs seem to have. The sound is more organic and easy on the ears at higher levels. High def recordings may never reach this kind of detail. You do have the marketing and the consumers which think stuff is and will always improve. This trend almost makes newer technology a type of placebo effect and new manors of playback can be exciting lending to the feeling that it's better when it is really just different. Most believe that digital in time will finally reach a level like great reel to reel or vinyl on a good table, this could be ending up just like mans attempt to replicate sugar with whats in diet Coke. Close but never the same.
There is also the many respected members which have great 44.1/16 bit Redbook playback that argue any high bit rate never makes an improvement. 16 bit from one player and DAC is not the same as some another 16 bit, this we all know and can hear.