The sound quality is worse, but that doesn’t mean it’s not preferable. If you listen to music with a decent dynamic range and has some breathing room, then the sonic qualities of vinyl can enhance that.
The same goes for cassettes. There’s been a (small) resurgence of cassettes, mostly from heavier types of music. There’s something about the harshness and hiss to tapes that fits really well with metal and punk.
As to the collection thing - a buddy has a growing vinyl collection and a decent, mid-range stereo that he pieces together. It’s a system much like my dad put together when I was growing up. Listening to music on a real sound system that you’ve tweaked to a particular room is a far more rewarding experience than ear buds or even the best headphones.
I find headphones to be isolating and uncomfortable after a short time. And playing music from a phone speaker is dreadful.