Agreed. In my experience/opinion, in the UK at least, the notion that CD was thin and bright was largely brought about by the swing to entirely subjectivist auditioning in the 80s with the near absolute market dominance of Linn/Naim. At that point systems were assembled around the very obviously warm, fat and rose-tinted pre-Cirkus LP12, so effectively the rest of the system countered the bloat, being dry, lean and over-damped. Add a nominally flat response CD player to this mix, especially using early CDs which had no ‘small speaker’ EQ or compression added in mastering (at this point CD production was very lazy as the labels needed to get their whole catalogue onto the market fast, so most are actually flat transfers of the master and can sound thin on little speakers with no bass, plus they are way more dynamic than most folk expect - many of us now seek them out as they sound great on a good system) and things did not go well. The result was a sound that stripped paint, especially with the slightly 2d and grainy sound of all but the best CD players of the time. It caught me out, I didn’t buy a CD player until the Rotel RCD 965BX arrived, which would have been early ‘90s I guess.
In any genuinely good system the mastering should be the defining aspect, not the format. I rank my vinyl and CD setup pretty evenly. The balance is very similar and I could so easily tip a dem either way by selecting specific masters of a given title. Some vinyl pressings are better than any CD or download of that title, some CDs are better than even a vinyl first press. The amusing thing is that my vinyl front-end is 1965 high-end aside from the modern cart (TD-124/3009/MP-500) and my CD system very expensive and as good as I’ve heard (Rega Apollo-R into a £2.6k DPA PDM3). Obviously the record deck will never be as quiet as the CD player, but that is insignificant if you are a music lover. The quality and realness of sound that is retrieved is what it is about. There is good reason why I’m happy to pay £30+ a throw for say Blue Note Tone Poets over the dreadful RVG Edition digital on streaming! An absolutely night and day difference! You’d barely recognise it as the same session the CD mastering is so poor.