Yes, and I understand that the quantization error is scaled up as we add gain, and that the much-smaller quantization error of a 24 bit recording makes a difference when you have to crank up the gain in post. A 24-bit recording with peaks at about -48dBFS has the same quantization error (theoretically, and after being raised by 48dB) as a 16-bit recording peaking at a perfect 0 dBFS... Or (another fun way to think about this for the non-mathematically inclined) is that a 16-bit recording with peaks at -48dBFS is essentially an 8-bit recording in terms of quantization; a 24-bit recording with peaks at -48dBFS is essentially a 16-bit recording. Sure, this is an extreme example, but it illustrates the difference. Whatever the bit-banging capabilities of the DAW/NLE, acquisition at an effective 16bit sample size will be better than acquisition at an effective 8 bits. The final product tends to be 16 bits, so 24-bit recording gives you tremendous leeway at least insofar as quantization error is concerned, while 16-bit recording gives you relatively little.
There is a big THEORETICAL advantage in using 24 bit recorder over a 16 bit recorder, but in real life the difference is not so huge, or it does not exist at all. No recorder can achieve nowhere near 24 bit real life performance.
With best 24 bit field recorders (Sound Devices, Nagra, Zaxcom in the $3000-9000 range) the actual noiseless bit depth is around 20 bits (120 dB dynamic range). Certainly better than 16 bits, but does not allow -48 dB undergains, only 24 dB (which is GREAT!).
When talking about cheap "24-bit recorders" the sad fact is that too often they do not provide even 16 bit resolution even if set at 24 bits. The analog electronics (mic-pres) and converters are just too noisy. So using a cheap recorder in a double system because it records 24 bit files and camera only 16 bit is pointless. If the camera has over 90 dB dynamic range with 16 bits and the recorder has the same 90 dB range with 24 bit files, why bother?
With all this worry about the files being 24 or only 16 bit, I wonder how the soundmen of the past were able to make any movies even in the sixties or seventies or eighties, when the best open-reel Nagras struggled to get 65 dB dynamic range, just over "10 bits" in digital scale. Still the soundtracks sound fine! Maybe it is the user not the machine, after all?