Digitize LPs with zero loss?

There's nothing special about the MOTU converters. Metric Halo, Benchmark, Apogee & Mytek all make similarly priced converters that better MOTU's offerings. 192k sampling may or may not be necessary. You'll only know by experimenting. A 192k/24 bit file will be more than 4x the size of a redbook standard audio file. If you are going to digitize a large number of albums you'll need several high capacity hard drives plus back up drives. I've digitize nearly 1,000 albums and while the results are very good, it is an extremely time consuming process. In retrospect, with the time factored in I would have been better off simply purchasing CD versions of the albums.

Excellent; this is just the kind of feedback I was
looking for. Could you rank those better converters?
(What should I look for first, maybe a model number?)
(I don't mind having a terabyte of disk space.)

Also, I am unsatisfied with the sound of CDs and was
hoping to keep the richness of vinyl in the transition.
When you say you would have been better off buying the
CDs are you saying that the digitized LPs sounded like
CDs? Can you distinguish the LP from your best digitized
version? If so, that's not what I'm hoping for. (Maybe
the best converters still don't capture the whole signal?)

Thanks,
Brad

Apogee makes the best quality reasonably priced A/D converters.

The digitized albums will sound like digitized albums. They can sound slightly better than equivalent commercial CD's or slightly worse. This mostly depends upon the quality of your vinyl collection. When you digitize an album you've created a very long signal path for the music. Assuming the music was originally analog tape (not necessarily a valid assumption), it's first converted to vinyl, then you convert it to digital and finally when you listen you must convert it back to analog again. There is a effect from the extra digital stages, it's subtle, but it's there. Only you can decide if it's acceptable. It's not really a question of digital being able to capture the vinyl signal, because hi-rez digital can, it has more to do with the inherent strengths and weaknesses of each medium.

Why do you want to digitize and how will you play back the audio files?