Earlier quoted context omitted.
Midi is not lossy, midi is symbolic. There's a huge difference.
No, it's lossy. It's an event model at a fixed data rate. You can only do so many things sequentially, even if you could represent any possible musical concept as a MIDI event. So even if you're not sticking to note-on, note-off, it's still extremely lossy.
It’s then for the remaster / musician / actual interpretation / post production to make the score to something less of an event model.