I think the most important question is: for a given bitrate, which format gets you the closest fidelity to the 96 kHz 24-bit original? Losslessly compressed 44 kHz 16-bit, such as FLAC, runs at around 800 kbps for music. At that enormous bitrate, is FLAC really the best you can do? Wouldn't an MP3-like codec, that operated in 20 or 24 bits, and at a maximum frequency of 96 kHz, sound better for the same number of bits? (Only a small amount of information would occupy the frequency range between 48 and 96 kHz, so unlike linear formats, it's not like doubling the frequency range doubles the bit count).
I'm really curious -- at what bitrate would an MP3-like codec, compressed from a 96 kHz 24-bit original, sound as good as 16-bit CD quality, in a high-fidelity listening test with high-quality components? My guess is somewhere less than 800 kbps. This is the format we should use moving forward, not an inefficient 1980s linear standard.
Life would be so much easier if we could just look at the source code. -- Dave Olson