my experience is that CD is great for no hiss, but the dynamic range, depth and soundfield sucks compared to a good clean LP...I'm hoping for a similar experience with reel to reel audio, but I know there will be hiss with my Revox A77 at high speed...however, I feel confident that a half inch or inch reel at 15 ips is going to blow any CD or SACD, or any digital recording away regardless of sampling rate and resolution
Most everyone on here would agree with your "by ear" assessment for the most part, especially the "depth and soundfield" part.
You should know however, even if it is abused and misused on most pop recordings today, that plain old CD 16 bit / 44.1 KHz
actually has superior dynamic range to any analog media, if by dynamic range you mean from the point the signal is clearly dominating the background noise (in digital there should theoretically be no noise) to the point at which distortion becomes unpleasant (more gradual with analog - sudden and awful with digital)
All the soft to loud in between is the dynamic range or "signal to noise ratio". Whether you can hear hiss on tape has everything to do with how loud the relative record and playback levels are for the track. If what you are recording has a 30dB dynamic range and you want to record it with no compression, and you drove the record levels to "zero" on the machine, the softest parts would come back at -30 and the loudest peaks at "0". Depending on how dynamic the insturment was, the worst being something with loud high frequecy peaks much higher than it's average, and long pauses, you would hear some hiss. Typically what happens in practice is that the instrument has a dynamic of over 30dB, but is compressed, and then the track is pushed harder - it varies as to what acceptable distortion is, so that the track might only be down to -15 on its quietest parts.
I don't know about 1/2" or 1" stereo tape at 15 or 30 ips., but 1/4" is pretty lucky to get into the mid 60dB signal to noise range and vinyl pressings somewhat worse than that. A freshly cut lacquer from a state of the art system might get to be as good as the 1/4" stereo 15ips. master.
Paul could probably quote specs for the 1/2" or 1" at 15 or 30ips. I think I recall an ATR demo. saying they had achieved the same dynamic range as a CD.
A big part of what people care about is how an analog or digital system behaves at it's noise floor or distortion limits. Good analog systems just rise slowly in distortion or distort a bit sooner at very high or low frequencies, thus giving the impression that they still have more left before severe distortion takes place.
Digital is a brick wall of distortion that you never want to hit, but which most pop mastering engineers flirt with all the time in the interest of making the CD "play loud". At the other end if you turn up an analog system loud enough with unmodulated media going past, you will hear the noise floor. The music will just fade slowly into this noise floor as the recording volume is lowered. There is a last on or off limit to the CD, but the range is so wide that other things like analog microphone preamp noise will show up before you hit the digital wall on the "soft" side, but that range "wall to wall" is over 90dB.
How dynamics are handled or mistreated by recording engineers is the subject of great debate.
I am old enough to remember when people who cared were fighting for a couple more dB from their analog systems. Now we have all this range and in some cases we are using only the top 1-2% of it.