Earlier quoted context omitted.
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
It's very unlikely your audio interface can actually record at 32 bit resolution. 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
32 bits are less critical to set the gain for (more headroom) and audio files are tiny anyways (compared to say, video). So in a practical sense I need to be less precise with setting the gain, or can record a bit more dynamic events. I am very happy with the results.
Sounddevices has a good explaination if you are curious: https://www.sounddevices.com/32-bit-float-files-explained/