Technically SACD is better than 24/96. here is an explanation:
SACD vs. 24/96 | AVguide
It is possible but involves conversion to PCM plus is not possible in copy protected material.
I would have a different take on it. That link does not prove anything, its just an opinion of one person, which is countered by another person in the same thread.
Anyway, proponents say DSD is better than PCM. Now, I am not arguing on which is better because its an endless topic. BUT the fact is, all the remastering is done in PCM. So, the studios convert DSD to PCM, do all their mastering and then convert it back to DSD. So, essentially, we are getting the PCM data converted to DSD. If the mastering is done at 96/24 PCM, then thats what you get in DSD in re-sampled format.
Moreover, during the playback, all the filtering happens in PCM mode. So, if the player is doing any of the filtering/bass management etc it has to be done in PCM. Player converts the DSD to PCM, applies all the processing and then convert it to analog. You can potentially avoid this, by not doing any bass management (one does not know whether the player is still doiing PCM conversion anyway). But (its a big BUT) then you wont have bass management. You can still get away with it by only playing through full range stereo only or using all 5 channels with 5 full range speakers. Very rarely people have surround speakers as Full range, so players do the conversion anyway.
Given all that info and which is a fact - Now, decide whether SACD is better or 24/96 PCM.
One more thing - ripping SACD is very complex and is not for faint hearted. Simplest way is to use the original PS3 (which had the SACD capability) and mod it. Again it will be converted to PCM. So, if you are still hell bent on SACD, ripping may not offer any advantage.