Reading through these posts, it shows that many don't know about what makes Vinyl different than CD. I would encourage you to search for how Vinyls are mastered and cut and this is essential to the understanding of differences between Vinyl and CD.
Almost any comparison between a Vinyl of the same album and its CD is USELESS in determining what sounds closer to the original performance - WHY? they are both mastered differently. With CDs there is almost nothing to do in the way of equalization, with Vinyls, its far more complicated and the engineer has to have a lot of experience taking into account a variety of factors such as - dynamic range, where to place a particular track (depending on whether it has mono bass, how loud the bass is, how loud the track is), etc. high frequency has to be increased and bass is always messed with, with low bass being taken out and bass in the 100 to 200 hz being boosted. Vinyl and CD will never sound similar as one isn't comparing the same source material - whats the point of this comparison.
When taking Indian mastered Vinyl, I would doubt as to how many people here have this expertise in doing this in hi-fidelity. This is nothing to do with capability but the market that we are in. When LPs were prevalent in India, there was no need for high fidelity, it didn't matter what imaging was or soundstage, who cared? Present day, I still very much doubt anything has changed in India. Currently CDs/mp3s and radio are the medium of listening in India, thats all that matters.
Heres another commonly mis-understood term - SNR of DACs or CDPs or entire chains - (comprising of multiple components). As Venkat pointed out SNR is used by all digital gear manufacturers with any DAC to showcase that their "noise" levels are different - rather better. A 96dB SNR almost means to say that you the DAC is capable of differentiating an ant walking on the floor (the sound that it makes) while also recording the sound of an airplane engine in the near vicinity. To me the SNR numbers given by most manufacturers are meaningless as they almost always refer to just the number of bits x 20log(base10)2 (for the mathematically inclined). So for a 16 bit DAC this translates to about 96dB. For a higher bit DAC, this number is higher....I ask SO WHAT? you cant hear this anyway, CDs are recorded at best for a few 10's of DB variation, the SNR in this scheme of things is useless. Your entire system is not capable (when you take the pre and power amp) of delivering this SNR. Here's a simple test - put your ear against the tweeter with the volume at regular listening position. Can you hear something - a slight hiss, hum? anything that determines that this system is ON vs OFF (obviously with no music playing?) ? If so, your SNR has gone down the drain - this is all in the context of home systems. In the studio, you clearly want the best signal you can get, period, what you do to it in a real world application is limited by the market and equipment you are trying to serve.
Also, Unabalanced vs Balanced - the balanced is definitely higher noise rejection - amplitude goes up by twice, which translates to an SNR increase of 3dB - so 75 dB becomes 78dB balanced, not 150 dB.
cheers