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As someone who got to do this as a paid project with 70 bad jazz records, I wish you luck and infinite patience. Your settings are good enough, just make 2 copies when you record the music. Nothing sucks as bad as hard drive errors on the recordings that you thought were fine. Also monitor with good headphones.
I would also suggest investing in a noise reduction program to remove clicks, pops, hum, rumble, etc. I was able to take poor-quality records from the 50's and make them listenable; at least to those that like that type of music. It was bad enough recording them the first time; but having to listen again to de-noise them was pure hell. Have fun!
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