@latik
Congratulations on an excellent reply to a dubious challenge!
The earliest Philips CD players used 4 times oversampling (obviously, on playback) and sounded better than other early players as a result. Oversampling allows much more gentle filters to be used in the analogue domain because the digital hash is at four times higher frequency. Philips, who invented the format, also did not bother to implement the last two bits in their early players.
You did not include Direct Stream Digital as a high-res format. Maybe 1-bit at 64 times oversampling is a stretch too far for some, but Philips and Sony introduced it as a far better alternative to CD format. Apart from anything else, it is so much simpler in principle for playback