Vinyl is not “higher fidelity” than what you pay for on Spotify, at least not in the audio quality sense.
But the main reason I listen to it is not that it's better than Spotify, but that it's a physically beautiful medium with artwork and is still high quality while promoting active, intimate listening.
No it's not. SNR is at best 65dB, low frequencies go through processing before getting cut to account for limitations of the medium and channel separation is less than 30dB. Furthermore, there's wow, flutter and rumble. You also have issues with RIAA equalization (many preamps STILL can't get that right) and cartridge loading, that end up affecting high frequency response. The latter is also affected by stylus and record wear.
With vinyl being such a technically flawed medium, ofcourse you could A/B between that and a high bitrate MP3 file that most probably is transparent to a lossless source. MP3 reaches transparency at lower bitrates, as has been proven by ABX (not A/B, those are useless from a scientific perspective) tests conducted in many communities like Hydrogen Audio.