If your entire purpose for getting CED is just to watch old movies then I’d strongly suggest going with VHS. I did manage to find a couple CED rips on and the audio quality is better than I expected: there are plenty of movies that sound significantly better on VHS than on LD/DVD/Blu.
it's like saying movies on blu-ray will always sound better because of lossless audio. LD has the capability of sounding the best, but that is often not the case since the underlying source material has been heavily modified with noise reduction/EQ or is completely different to start with. I have a lot of direct experience with this, and i don't agree with that. Laserdisc audio will be far and away the best for the vast majority of releases, and at worst will be just as good as the other formats. i'm really only interested in info on fidelity though, as most older movies i'm interested in are mono anyways. While LDs were the first to offer discrete 5.1, VHS and Beta both offered 2.0 matrixed surround (dolby surround) which was the same that came on LDs before 5.1 was available. Laserdisc was the first home format to offer various types of surround sound, including 5.1 mixes