Very much this and I think it is down to size of the format. This is what I miss about vinyl. Poring over the artwork of some albums, especially gatefolds, and finding some small detail that you’d missed before (difficult with cassette or CD, as they’re so much smaller) is something you can’t replicate without that 12” size.
Regarding sound quality, I had a conversation, many years ago, with a colleague about hifi gear. We came to the conclusion that non musicians were more likely to spend more money on their setups, compared to those who played an instrument. Players being more concerned about the quality of the music, rather than the quality of the reproduction, that and the likelihood of many musicians to have impaired hearing anyway.