@mlknez and I are having a little pm about this point. So far it's probably safe to say we agree to differ
I can find no difference in the output of 44/16 vs bit-padded, up-sampled 96/24 (Glass Hammer sell a bunch of fake hi-res tracks on Bandcamp if you're interested) and all HiFi DAC features are available when the HiFi DAC is active, regardless of sample rate or bit depth. The purpose of the multiple pipelines is to improve the signal-to-noise ratio. LG would be shooting themselves in the foot to cripple the most widely-used sample rate/bit depth combo. As of now, I see no evidence of only one pipe being active for 44/16 audio, but I will post back if I learn something new...