you're entirely right...but I only listen at very low volume, so I have yet to max out 16bit tbh..I'd guesstimate that I'd peak around 60/70dB, so as I understand it that'd still leave a lot of headroom...plus my media player applies some dithering in the end from 64float to 16int.
I read someone complaining about this shure toy, saying that if he played around lowering the volume on his player and increasing it on the shure(and the other way around), the FR would drastically change!
I've just used some crappy 32Ω/106dB phones I keep for tests(the cd3k drivers being a close call at 32Ω/104dB)...they read 35Ω w/o the shure, 40Ω w/ the shure at max, and 800Ω at min.
the catch is that the resistance increase is ANYTHING but identical on both channels, and it gets worse the more I attenuate the volume(at max attenuation it's like 800Ω L/500Ω R)..I guess this cannot screw up my cd1k drivers, right? or possibly my DAC?

tbh, the stereo imbalance is really annoying...but some positions appear to be not too imbalanced.