Seems that what's driving all this is the simplification of gain staging by the user in the recorder. As mentioned, the need for proper gain staging doesn't actually go away, its just made less critical for a significant part of the typical range. That is until it exceeds that safety bubble range and once again becomes critical, like it always was.
I'm all for reducing potential failures, but I wish manufacturers would do so without obfuscating the details of gain-staging and instead make the monitoring of levels and the awareness of where the signal fits into the maximum dynamic range of the recorder more transparent to the user. Don't need to dumb things down in order to make things easier when the system could instead be made more transparent and empowering..
The Rolls Royce device here would have adjustable analog gain with metering, and 32 bit float capture with metering, then you could really control the headroom relationships. I'm not aware of anyone making that device. Yeah, it's somewhat redundant; ok, so give us a separate analog overload indicator along with the converter metering.
I'd like to see an overload indicator on the analog input stage, followed by a peak/VU meter with a scale that shows the
entire effective dynamic range through the converter, from the recorder's noise-floor up to 0dBfs. That's supposedly a range of about 142 dB through a current SD Mixpre recorder. The scale might be made non-linear to fit if necessary. Primary role of the meter when recording is to indicate: Modulation (meter "dancing movement" indicating active signal); Peak level; VU level; and in this case
noise floor as well. Showing the entire range allows for seeing modulation at all input levels, and allows for determining where the current noise floor and peak level actually fall within the available input range. User can also easily visually determine the approximate total dynamic range of whatever signal is being recorded.
Extra credit for including a metering mode that actively changes scale with content, starting fully "zoomed in" and automatically "zooming out" as necessary to keep whatever the current peak-hold value happens to be at the top of the meter scale and the current minimum noise-floor value at the bottom of the meter scale. The meters will then show the full range of active modulation with maximum possible visual resolution. Pushing the "peak reset" button resets the display to some comfortable maximum zoomed in range or whatever the current modulation range happens to be if if exceeds the max zoom default. Display scale numbering across the top of the meter updates with each automated "zoom out" step as the uppermost and lowermost values indicated on the display change with each excursion past the previous peak and minimum value.