Perfection

Looking at The Bible and trying to answer your questions I would say the inerrancy issue only relates to errors creeping in over time, or translations. I'm not sure that the original text can be descibed to be "in error", even if it is just a story, and not representative of "The Truth", whatever that is.

My view is that errors have crept in over time, and that there have been translation errors. One that springs to mind is:

2 Kings 8:26 (New International Version)

Ahaziah was twenty-two years old when he became king, and he reigned in Jerusalem one year. His mother's name was Athaliah, a granddaughter of Omri king of Israel.

versus

2 Chronicles 22:2 (New King James Version)

Ahaziah was forty-two years old when he became king, and he reigned one year in Jerusalem. His mother's name was Athaliah the granddaughter of Omri.

This is a trivial example and it's a famous one for pointing out how errors have crept into various versions of the text. I don't see that as a problem, but I personally would not want to base my faith entirely on the inerrancy of the Bible. Clearly the various copies of the first five books, known as the Torah, are the most consistent pieces of written work ever handed down from antiquity. This is largely due to the fact that when the scribes copied a piece of the scripture on an old piece of pigskin to a new one, they were very religious about it. Clearly it had been drummed into them to make exact copies, if their minds strayed in thought whilst copying, they had to destroy the new pigskin, get their minds sorted, and start again.

What is more worrying in the lack of consistency in some of the more important issues within the Bible.

For example:

2 Samuel 24:1 (New International Version)

Again the anger of the LORD burned against Israel, and he incited David against them, saying, "Go and take a census of Israel and Judah."

versus

1 Chronicles 21:1 (New International Version)

Satan rose up against Israel and incited David to take a census of Israel

I'm sure most Christians think that God is not Satan?