The only merit would be for the provider to conserve bandwidth, chips add noise to the signal, they are full of transistors, which don’t sound as natural as tubes. But since it’s fake, they don’t spend any more, and you get noise for double your money.
Remasters happen in digital, they're starting to come out in higher res, now. If you get real higher res files, it gets better than cd. 192 sure would be nice more often, but 96 is catching on.