Analog will do the same, provided you're good at it. No meter I have to watch, but I still have the same degree of control over my throw accuracy. I swear by it in online and offline now. My DD fielders are pretty good so I rarely make errors with it (yellow throws at times, but very rarely red). If I do get red I can even cancel the throw and make a better one (at risk of a runner advancing while I double clutch).
My Cubs offline games are another matter though...Damn you Starlin!!