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Do LPs "have more dynamic range than other formats"? [/B]
No.
Do LPs sound good? Or in some cases do listeners prefer the sound of an LP edition of an album to other editions released in other formats (CD, Analog Tape, SACD, DVD Audio, BD Audio, etc.)?
Yes.
LPs can sound good. They do bring a "warmth" to the music that many listeners enjoy.
And the processing used to get the music from the original recording to fit on an LP can also bring musical benefits.
That's part of the fun and enjoyment in listening to music in general.
And to an album in multiple formats. The musical flavors can be similar - or quite different.
As they say on the Internet, YMMV (your mileage may vary).