Joh there is a difference between “frequency range” and “(3dB) bandwidth”. LP is analog medium with in theory effectively infinite frequency range and effectively infinite dynamic range (no quantization noise!), but there is some noise profile on top of that, which is caused by what can be reasonably manufactured. This kind of natural noise can actually make the record sound better, because the sound is “softer”, “more natural” and what not.
48kSps 16b/S preserves more information than even outlying human ear can perceive, but there is not the noise and if it is there (from mastering) it does not have the correct frequency shape to enhance the experience. (CD-DA is 44.2kS/s due to bunch of practical reasons, one of which is that the frame structure matches PAL V-sync period and the final mastering can be done with 80's technology that involves modified VHS tape decks)
On the other hand, it depends on the kind of music and the mastering. You can intentionally introduce some kind of noise into the final master. This works wonders for classical music (and can even mask the fact that it was not recorded by full orchestra), but this simply does not work for death metal (original Death recordings from 80's are obviously noisy and some bands try to mimic that on albums, well, just don't, the whole metal sub-genre is about having clean sound with only completely intentional distortions and do not try to mimic how the genre-originator sounds on 40 year old analog recordings). I'm somewhat on the edge as for what effect the LP noise or intentionally added noise has on EDM.
