OK I had to go Check the information and you can do 24bit with SPDIF
but not with AES/EBU if you follow the defined useage.
"Both S/PDIF and AES/EBU can, and do transfer 24 bit words. In AES/EBU, the last 4 bits have a defined usage, so if anyone puts audio in there, it has to go to something that doesn't expect the standard specifies. But in S/PDIF, there's nothing that says what you have to use the bits for, so filling them all up with audio is acceptable. Typical S/PDIF equipments only use 16 or 20 bit resolutions. While many equipments use more than 16 bits in internal processing, it's not unusual for the output to be limited to 16 bits."