I'm trying to understand this request, so help me along.
Are you playing in a power starved system where you're looking for ways to squeeze extra volume out?
As an example, on my home system, a comfortable listening level is about -30dB of internal volume. This is a DAC hooked directly to a power amplifier.
If I peak normalized my songs, I might need -33dB for the same volume, so I'd get +3dB "for free." However, I already have 30dB more than I can really use so the 3dB isn't particularly helpful.
Instead, I like the Replay Gain system that makes the volumes between songs sound about the same. Since I have the volume headroom, it doesn't change the sound quality at all.
As 6233638 said, your DAC probably uses 24-bit, so turning a 16-bit down isn't actually removing information. Even if your source is 24-bit, the last many bits are almost surely noise so you're not really removing "real" information with volume on those files either.
I'm not opposed to on-the-fly peak normalization (it's certainly better than baking it into the files!), but I'd like to understand the technical argument for it better.