if you want to squeeze a little bit more out of your deck, set the pitch control to as slow as it'll go.
it's a kind of complicated procedure to to it this way (more than i care to type at this hour

), but the results tend to be better than you'd otherwise get from your equipment.
my equipment is pretty bad, so i've had to do it this way

basically:
1. measure _exactly_ what the speed difference is between the correct speed and the slowed down speed (this can be done relatively easily if you have a record with a clear beat on it that you can accurately measure distances by). on my deck it's ~0.91119x normal speed.
2. de-emphasize the signal. this is done with some kind of EQ filter. i use Cooledit's FFT filter for it - set a RIAA eq curve, and use splines. make sure to use a short FFT window like 256, or you'll get ringing (not audible though. just annoying to look at).
3. using the speed measure, determine what sample-rate you're actually recording at. hopefully your recording software allows you to manually set a sample-rate after you've recorded (eg, i record slow LP at 44100, then manually set the rate to 48398).
4. at this sample rate, use the FFT filter to re-apply the RIAA curve. this will have to be re-inputted, because CoolEdit doesn't move it's points around according to sample rate.
5. resample (SSRC is good for this) to your desired sample rate.
i've got the above process semi-automated for my table - i did all the fiddly filtering to a simple impulse, and now i can do the rest with foobar's convolver and resampler.
i don't bother de-clicking unless there's a real monster crack. i don't see much point in it to be honest, as i like the vinyl sound. if i didn't, i'd just buy the CD instead of going to all that trouble