The barrier to decent digital is very low. You can easily get to the level where the source recording is the limit more than the format. I disagree that cheap digital will be trounced by modest vinyl. Much as I love my P8, in many ways it trails my DAC and probably even inexpensive DACs. Sure, there can be something very attractive about vinyl, and its strengths are often easy to hear, but even the best vinyl rigs can't get around the myriad issues with vinyl pressings, surface noise, bad mastering, dynamic compression (these last two being in the source so also applicable to even great digital systems).
If you go streaming, just be aware that it can and will change your listening habits - not necessarily for the better. I don't stream, except for Radio Paradise or my own ripped content, since the choice is paralysing and in any case I find it encourages a flighty, superficial approach to music appreciation. I've a new found appreciation of CD and I still do find a lot to like about vinyl, even if it still frustrates me when the disc isn't perfect (and few are)...