Theres a better plugin called bit police. It lets you actually view the bits and how they are set in your file. So if you record a 16-bit source in 24-bit, you can tell that its really only 16-bit and change the bit depth without worry
john
http://www.analogx.com/contents/download/audio/bpolice.htm
ps. its FREE!!!
Haven't used this Bit Police, but AnalogX has come great FREE utilities for all kinds of stuff!! +T to AnalogX. Oh, wait...I can't do that...they're not on TS.com...