The main thing I am concerned about is the quality. I have never even heard of that bit about 24/ 96 do you mean 24 bit and 96000 as opposed to 44 000 or whatever those quality settings are?
yes, 24/96 refers to 24 bit and 96 khz sampling rate. the larger bit and khz just means the computer is taking in more information (more of the song) than it would at, say, 16 bit 44.1 khz
like someone said, software isn't the major factor when ripping vinyl. the software you need just depends on
1. what you find the most user friendly
2. what gives you the best sampling rate
some programs only allow you to record at 16/44 which you may find is easier to use, while some may allow 32/192 but you may dislike the software. it all depends on what you want.
with ableton, i dont know what sampling rates you can use which is why i suggested adobe audition.. very easy to use, can sample at 32/96 so its perfect for recording vinyl.
like xabiton said above, the software
wont make the sound quality any better, it will just determine how much information can be "captured" when digitizing. also like xabiton said, make sure your setup is good as this
will affect the sound quality. i run a technics 1210mk5 with an ortofon arkiv needle into
a traktor audio 8 external soundcard (via rca cables) which then runs to the computer (via rca cables). the traktor audio 8 can record at 24/96, has a phono pre-amp built in and is a very good soundcard. ive also read good reviews about the e-mu 0404 soundcard, which can record at 24/192 and also has a built in pre-amp, although i dont know if its an internal or external soundcard.