for fun i just created a small 24 bit 192 kHz file, a wav. and mc played it back fine, needed some time after that to get back to normal though, or maybe it was my soundcard. but first of all, the soundcard should be able playing that back.
i think the 16 vs 24 bit discussion has long beard.
a while back i had the change to hear a cello recording in a studio made at 24 bit 88 kHz vs the same recording at 16/44. there is a difference, as if the cello was played at that moment in that room.
but for use at home i dont care tomuch, and for most music and the way it is produced it is totaly unintresting.