Yeah, really, the only way I'm digging on a 24/96 file or 24/192, or DSD in its various permutations is because it's a new remaster in that format that you can't get via RBCD. Otherwise, right, for the most part, the differences in sound quality are lost to me. And really, 9 times out of 10 that's what you're getting with 24-bit recordings, from HDTracks, Pono, or whatever, is a new remaster. I'm convinced that most people are going ga-ga over the nice dynamic HDTracks remaster instead of the difference between 16/44.1 and 24/192.
There are really very few of us that have heard what a full 16-bits can give (what Chord is trying to change), so it often makes me think why bother with 24-bit music anyway, unless it's for the aforementioned reasons.
As Roy pointed out, what can the ear hear, and what can it not? Even beyond what the ear takes in, and what the brain encodes, I have doubts that these higher frequencies and extra bits make much of a difference at all.
That's just my take on it. I could be wrong. Just as, when I first got my DAVE I thought crap in/crap out. But then there are some muddy recordings that I have that the DAVE combo of HD800s/Focal Utopia unmuddied some recordings to where they actually did sound better even in just 16/44.
There are many variables as to why that is for some recordings and not for others, including, but not limited to, compressors used in the actual tracking/mixing, the condition of the analogue tape, the amount of digital processing pre and post mix, the EQ of the mastering process, etc.
Is 16-bit enough for playback? I'm pretty sure it is. Does it take an infinite amount of taps or just 1 million? I haven't a clue yet. I haven't hear either at the moment.