Hola,
Yes, stick with the analog machine for tracking. There is no good reason not to. It is not being used for effect, but as a recording medium. (Tim G es loco y confundido)
A standard mod for the 80-8 is to replace the noisy and marginal 4558 op-amps with NE5532A. You don't have to do anything but drop them in and then fine tune the machine for levels. No other components are needed. The op-amp mod will do more than reduce the noise. It improves the sound quite a lot on the 80-8. There is quite a bit to be done for the 80-8. Replacing old capacitors as JP mentioned is important. Replacing some carbon resistors with metal film type resistors in the signal path reduces noise even further. This is a lot of downtime and work, but it is worth the time if you are set on keeping the 80-8.
Later 1/2" 8-track models like the Tascam 38 and 48 are much quieter than the 80-8 without noise reduction and the last model to be made, the TSR-8, was even quieter than the 38 without the noise reduction. Models from other companies such as the MX5050/8 from Otari and the C278 from Revox are also usably quiet for the 1/2" 8-track format. But all can benefit from noise reduction and noise reduction units are not hard to find. 1/2" 8-track with dbx noise reduction has better noise specifications than a modern DAW, but they are all so quiet a few dB of noise one way or the other does not matter. The bottom line is that either way, people can't hear the background noise.
The kind of tape you use will also make a difference. 456 is good, but you can try some AGFA PEM468 or BASF/EMTEC SM468 for a bit less tape hiss. RMGI makes new SM468, but I would look for the older tapes first if you can. The older EMTEC/BASF SM911 also seems to have a better signal-to-noise ratio than RMGI SM911.
The op-amp mod makes the most difference, but can only do so much for the 80-8. If you want to replace the op-amps look for the 5532AN or 5532AP. Anything with an "A" at the end is higher quality and tested to meet best specs. Here is the Texas Instruments NE5532 you want form Digi-Key:
NE5532AP Texas Instruments | 296-7040-5-ND | DigiKey
Personally I like to do the noise reduction while in analog. Beside the Teac DX-8 that was made for the 80-8 you can also keep an eye out for the DBX brand 150X. You will need four of them. IMO the 150X is the best outboard aftermarket dbx unit around. It doesn't need any of the switching like the Tascam units because it encodes and decodes two channels at the same time. $50.00 is on the high side for a 150X. There are some on eBay for stupid high cost, but avoid those. The sellers are loco y confundido.
Other analog noise reduction options are below.
Rocktron 180A: 8-channel and similar to dbx. I have the 120A 2-ch and it is at least as good if not better than the dbx Type I units. Here's one on ebay. I don't know the seller and he only has one feedback, but the price is right and you have eBay buyer protection if something goes wrong. I'm trying to fight my gear hog instincts and keep myself from buying it. I don't need it because I have a TSR-8. $150.00 is most I would pay for one if I needed one.
Rocktron Noise Reduction 180a | eBay
Behringer SNR208: Don't let the name scare you. This is older vintage Behringer made in Germany. It is single-ended NR, which means you don't have to encode and decode the tape like dbx and Dolby. I also have the 2-channel version of this, the SNR202, and it is excellent with a very good reputation in music and audio for video recording. It is basically a smart gate that lowers the high frequencies where the tape hiss is, when those frequencies are not present in the music. $100.00 - $150.00 is in the high price range for these. You can find them for less.
Dolby SR is way too expensive four 8 channels. Outboard Dolby C units are hard to find because not many were made. Fostex made the model 3040 Dolby C 4-channel unit. You would need two of them and have special cables made to interface with the 80-8 for switching. Other Dolby C units are 2-channel and will be costly and hard to find four of the same model. You might run across 8-channels of Dolby A but they are all +4 balanced line level, so you'll need line adapters. Dolby B would even help, but you'll need four 2-channel units like the Teac AN-80. The electronics are limiting in the AN-80 for professional use.
Look for any of the models on eBay, Craigslist.com and musicgoround.com.
Bendiciones