Despite the gold letters on their fancy leather covers and gold along the edges of their high-quality paper, modern English translations of the Bible, such as the KJV and NIV, are neither inspired nor inerrant. Rather, they are errant products by — giving them the benefit of the doubt — well-intentioned and learned but still very fallible human beings.
None of the original inspired Bible manuscripts is extant. All that is available to work with now are later, man-made copies which differ one from another and whose faithfulness to the originals is not known.
To produce a modern English translation of the Bible many choices have to be made by very fallible human beings. Since the Bible does not come with its own inspired table of contents, the first choice Bible producers have to make is which books to include. The second choice Bible producers have to make, since none of the original manuscripts is extant, is which base text to use, whether to use a later, man-made copy or a modern, man-made reconstruction based on later, man-made copies. The third choice Bible producers have to make is how to translate the material from the original languages into English. As the various English Bible translations available today prove, translation is not simply a mechanical, one-for-one, word-substitution process but rather a subjective process, an art, which requires the fallible translator to have a mastery of all the languages involved and an understanding of the subject matter.
Because of all the choices that have to be made by fallible human beings to produce a modern English translation of the Bible, including the KJV and NIV, I personally don’t see how anyone can in good conscience base their religion solely on it. He has to have a lot of faith in human beings who themselves never claimed infallibility; faith that they chose the right books, faith that they chose the right base text, and faith that they not only understood the languages involved but also the subject matter and faith that those same fallible human beings made the right word choices. Finally, the reader has to have faith that he himself understands the translation. Sounds to me like a lot of misplaced faith in fallible human beings, faith in human beings who never claimed infallibility.