After reading "How Music Works" by David Byrne, it seem like FLAC is solving the wrong problem. No one needs over 4 billion discrete levels.
I am a recording engineer and I will choose 32 bits over 24 any day when recording. Of course you need the right (exceptionally good!) preamps to even make a difference here, but when you are manipulating audio 32 bits and upwards (for summing) are the default (for a reason). Having something to store those files with a little bit of lossless compression is a welcome addition
https://www.mojo-audio.com/blog/the-24bit-delusion/
32bit or more makes sense for dsp and summing, and non-musical data storage. But your I/O is most likely not giving 32 bits