All fair points about capability of humans. But the capability of the machines is much higher, so in my view why not master at 24 bit anyway? The "massive" increase in data storage is utterly trivial actually and if it helps one engineer avoid clipping or pull a badly levelled track out of digital noise it's probably worth it. Speaking as a photographer I love how my 8 bit per component jpgs look on my screen, but I don't think twice about shooting in 14 bit per pixel raw because the latitude you gain on post shooting exposure adjustment is huge.
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