I'd wager whether "Bit stripping" of the signal with 24-bit digital dithered volume controls isn't mostly of academic order (32-bit dittos wouldn't, in this regard, pose any in-use limitiations, at all) - that is, where it is stated it's very often based on a theoretical non-listening experience foundation. Only high sensitive speakers and high-gain combinations could tend to pose a possible sonic limitation here, and highly sensitive speakers is not what overflows the market as is.. For what it's worth my own setup includes moderately sensitive speakers (~93dB), and it sounds terrific at lower volumes with the digital volume attenuation named above.
If for whatever reason one doesn't like the final sonic outcome where digital attenuation is involved without a separate hardware preamp, the bit stripping (i.e.: truncation) is by all accounts not a factor as much, or at all as the totality of this implementation; if one has carefully tuned a setup through the use of a hardware preamp the negation of this preamp (leaving in its place a software-based digital ditto) could easily tilt the sound in a direction reflecting back negatively on the preamp as a source of more or less outspoken coloration and synergy-effect, than what is an inherent limitation of its digital stand-in solution. I'd rather rid my setup of a hardware preamp so long as the analog output stage of the source can be made to drive the poweramp suitable (which is certainly possible) - hereby doing the same as the hardware preamp, yet without an extra hardware component and set of cables.
If for whatever reason one doesn't like the final sonic outcome where digital attenuation is involved without a separate hardware preamp, the bit stripping (i.e.: truncation) is by all accounts not a factor as much, or at all as the totality of this implementation; if one has carefully tuned a setup through the use of a hardware preamp the negation of this preamp (leaving in its place a software-based digital ditto) could easily tilt the sound in a direction reflecting back negatively on the preamp as a source of more or less outspoken coloration and synergy-effect, than what is an inherent limitation of its digital stand-in solution. I'd rather rid my setup of a hardware preamp so long as the analog output stage of the source can be made to drive the poweramp suitable (which is certainly possible) - hereby doing the same as the hardware preamp, yet without an extra hardware component and set of cables.