Someone asked me in a YouTube comment whether the Tascam FR-AV2 has gain controls in the digital or analog domain. After some googling and manual reading, it seems pretty clear particularly from the FR-AV2 discussion in these forums that the device only has digital gain / level controls. The new Zoom H5 Studio is the same, according to the circuit diagram in the manual. Probably it is the same with some other devices. (I'd be interested to hear of any).
In these devices then, if you are using 24 bit float you therefore have to set the gain so that the level does not exceed the 24 bit file maximum level. But the gain setting has no bearing on getting the best signal to noise ratio out of the preamp because it isn't adjustable. So by using 24 bits you are giving yourself a problem, and you are getting no sound quality advantage in terms of choosing how you drive the preamp (because you don't have the choice). So the only point in using the 24 bit setting is if you have an issue with the capacity of the memory card and want to keep file sizes down, or you can't handle 32 bit float in your DAW, or you are having to immediately hand over the recording to someone who has specified 24 bit.
But aside from those rare requirements, the whole argument about the merits of 32 bit float recording if using one of these devices become moot. If you really want to record in 24 bits because you think you will get a better result, only use a device which either doesn't do 32 bit float at all, or use one which definitely has the level controls in the analog domain.
Or am I wrong?