I've always bought a physical copy of something if I can. If I really like it I may even buy it and varying formats.
I just started buying vinyl again so I now own some stuffin three formats. FLAC, CD & Vinyl.
As for the format wars. To my ears vinyl can and does sound just as good as a CD. In some cases much better.
@Omnis you're correct in stating if the master for the vinyl, cd, tape or digital file is created from is rubbish then the end product is rubbish. It's all starts with the master.
A vinyl record by its nature is analogue, so if the record is cut from a digital master then the vinyl will invariably have the same sound and attributes but also impose its own limitations and quirks too on the end result.
However if the original master is analogue in format, like the Beatles tapes they are using to cut the new Mono box set from, then it's an analogue to analogue transfer and you'll end up (if they don't mess it up) with a super close facsimile of what the artist intended.
What I've found with vinyl through my own experiments is it really lends itself to music with a high ratio of high frequencies like rock, jazz & classical. This down to the nature of vinyl holding more information about the sound and leaving a warmer tone. CD can sound too cold and hollow.
Not all digital formats are like this, take Bluray, DVD & SACD formats along with their downloadable counterparts and these can start to sound much better and in some cases to my ear better.
Then you have what your listening through, cheap phones to £100,000+ systems and yes of course a high spec HiFi will sound better technically but everyone has different levels of hearing and also different taste in how things sound. My dad lives for moody, dull, deep & booming sound hence why he has a pair of Lentek studio monitors back against the living room corners enhancing the depths of deep bass they produce, this in turn is colouring the music so play a record with deep bass in and you have a recipe for standing waves that nearly bring the house down to its foundations.
However this is not what I like, I love to hear the bass but instead of it drowning out everything else I like my music to have all the brilliance it was intended to have and a more neutral and informed sound. So my system is designed to sound this way.
The issue I have is, it's too revealing and shows up poor quality recordings, and rock CDs unless of a very high standard sound horrid and too open and lack bass. This trend extends to all music but I've found heavy rock CDs are the worst for it. I'm hoping once I have a new deck this will alter with vinyl editions as I've got some 1st pressings and these were cut from the original analogue tapes and are not reissues.
Vinyl is not a solution to CDs clinical and cold sound and it's not just a hipster past time, it has a real merit and depending on the pressing, master it was cut from and equipment you use for playback it can show up a CD.