Keep in mind the M10 does not even have 16 bits of dynamic range (96dB). From reading other posts and specs here (sorry, didn't bookmark), using 24-bits on the M10 does increase dynamic range over the 16-bit mode, but the dynamic range of the unit still remains below 90dB.
As far as I know, the D-100 is the only handheld recorder that has over 16-bits of dynamic range at 100dB.
I try to run closer to -6dBFS, but it won't help if you're recording most amplified music.
Running hotter has benefits when I'm close enough to pick up stuff that isn't mic-ed for the PA: chatter between members, foot tapping, etc. It also helps when playing directly off the M10 on the ride home without extra amplification; or if I have to record an acoustic show immediately after an electric set...
Here's an anecdote from a less-experienced version of me:
I once recorded a band play an electric set from the front row at -9 dBFS (not bad); but that same night (at 1am) they played an acoustic show at a record store where I peaked at -28.9 dBFS (from crowd noise) with the same settings

Obviously I should've cranked the levels before the acoustic set, but I was tired and also in super-excited fanboy mode; so not exactly thinking about levels at the time :x
If I had been able to dial in to -3dBFS for the electric set, I would have an acoustic set 22.9 dBFS which would be significantly less noisy than my 28.9 dBFS recording while I, the taper, could still remain in tired-super-excited-forgot-to-change-levels-fanboy-mode

Fwiw, normally when I listen to music, I probably wouldn't be able to tell beyond 12-bits of dynamic range (72dB) from 16 bits (96dB) because I don't listen super-loudly, and my listening environment has a 20-30dB background noise.