Two things I do know:
- The whole problem with my M10's ALC is that it doesn't do what earmonger describes: It doesn't set a high gain as the default, then duck that gain when loud sounds come through; instead it sets a very low default gain, and that gain doesn't ride up no matter how much time goes by without any loud sounds.
- With my M10 at least, the 24-bit mode of the M10 might as well not exist. The input noise of the recorder's electronics is at a 16-bit level, and the extra 8 bits give no further sonic information, or at most about 1 dB's worth. (I measured that via the line input, by the way, so with mike inputs the situation would presumably be worse.)
At this point I'd really be glad, in a way, to find out that my M10 is defective, and not representative of the species. So thanks for these two replies, since they pretty clearly imply that possibility.
Fortunately I bought my M10 from a reputable professional audio dealer (Dale Pro Audio in NYC); I'll ask them if I can test mine against their demonstrator model.
--best regards