All,
I have two laptops, one is connected to my HT pre/pro, which decodes at 24/96, via Wi-Fi from computer to Airport Express connected to the pre/pro using S/PDIF output from Airport Express. Now, since Airport Express only outputs at 16/44. I do not see any reason to set my laptop to 24/192.but, nevertheless,I've set iTunes to output up to 24/192. The sound/music from my iTunes library sounds awesome, whether downloaded there as an AAC file, ALAC at ether 16/44 or 24/96. I even have a few AIFF files at 24/192 and they sound great too. But, the fact is anything downloaded at over 16/44 can not be discerned as being better in any manner that better could be defined. In other words, I suspect I could start buying 24/192 downloads, and with a new DAC I could convert those hi- res files, but would not hear better than what I hear now.
My other laptop runs ITunes also; but, with this computer, I use an external sound card to output to HT pre/pro. This USB to S/PDIF sound card will convert all sample rates my files may be stored to 24/96. I get the feeling this does sound better than the way I've arranged thing with the other laptop; but, what I perceive as better in all reality is likely just a higher volume.
This is my experience so far; and, the only conclusion is this: since I can not distinguish 24/96 downloads as sounding better than 256k at 44, I see no reason to buy hi-res downloads unless the downloads were originally mastered at 24/96, for which there is some compelling evidence for better sound. Also, I think is the "stereo" realm all up and down conversion, bit perfect stuff is largely gobbledygook. On the other hand, "multi-channel" recorded and delivered at 24/96 is a different story. Get yourself an OPPO blu ray player and some multi-channel SACD's and hear for yourself. It is indeed meaningful..