With the final product 16 versus 24 bits will not matter much, but using 24 bits for recording gives some extra safety, as you can set the levels a bit (yes, maybe 6 dB*...) lower; accidental clipping will not happen so easily and often.
*) the difference between 16 and 24 bit recording is not 8 bits in reality, as even the best 24 bit recorders give only 21 bit resolution, many cheap "24 bit" recorders no more than 16 bits. This is because the analog stages are never perfect, and cheap converters even less perfect.
*) the difference between 16 and 24 bit recording is not 8 bits in reality, as even the best 24 bit recorders give only 21 bit resolution, many cheap "24 bit" recorders no more than 16 bits. This is because the analog stages are never perfect, and cheap converters even less perfect.