Where the 16 bits available in CD Redbook format to capture dynamics probably does fall a tad short in comparison to the best analog, is in the area of microdynamics, in other words, the deficiency is in how well small differences in waveform magnitude is represented, not the largest ones, which is what determines dynamic range.
This is why bowed strings and other instruments capable of producing extended duration complex yet subtle harmonics that do not vary much in magnitude, like massed strings, are perhaps the hardest thing to get 100% correct with CDs.
This is why bowed strings and other instruments capable of producing extended duration complex yet subtle harmonics that do not vary much in magnitude, like massed strings, are perhaps the hardest thing to get 100% correct with CDs.