My 2c based on practical experience (hundred of LPs digitized)
I record and edit with Audacity set at it’s default 32-bit float 44.1kHz
I export to 16-bit 44.1kHz PCM stereo (Red Book CD standard).
I have export dithering for down-sampling on export set to Triangular
I burn CDs for playing on my Rega Planet hi-fi CD deck - and I import the 16-bit WAVs into my Cocktail Audio X30 “jukebox” player.
I listen to these on high-end electrostatic speakers QUAD ESL-57 and on studio quality Sennheiser headphones. I find the sound produced truly excellent well more than acceptable for real-life hi-fi listening.
WC
P.S. I use third-party software to remove clicks and pops (ClickRepair - see: https://forum.audacityteam.org/t/click-pop-removal-clickrepair-software/1933/1) iy costs a little but produces excellent results for me.