I'm listening right now to a master FOB cassette of the Dead on 7/2/89 at Foxboro Stadium, which someone asked me to digitize along with some of his other masters. It was taped using Sennheiser 421s and sounds better than the Schoeps source on archive.org. There's a lot of richness and warmth, but also definition and separation in the recording.
Man, if this 421 source is better than Gaswirt's split cmc42 > Oade m118 > PCM source on archive, I wanna hear it! Anytime this is gonna be torrented soon? It is a great show to boot!
I say just go 16/44.1 and get the show out there if it is as stellar as you say it is!
Damn the PCMs, full 24 bits ahead! Trust me, it'll be worth waiting for.
Keep checking shnflac.net, I'm putting a new Tim Alexander source up there each night, 16 bit first, 24 the next night. It'll be up sometime within the next month.
As far as harmonics and sample rate are concerned, if I'm correct by harmonics you mean that by upping the samples per second you're creating more room for extra tones to squeeze in, regardless of frequency, creating a fuller sound. E.g. if a recording were a digitized picture, bitrate would be analogous to the potential number of shades a given pixel could have and sample rate would be the number of pixels per square inch. Have I got that right?