> The analog front end of the recorder is separate from its ADC architecture and file storage format. If an analog input to ANY recorder is hot enough to overload the recorders analog input circuitry, the recorder's input sensitivity will need to be adjusted, a pad-engaged, or limiting applied to prevent it from overloading.
This is a key point (aside from the fact that past a certain point, limiting can't prevent overload in an analog front end; it protects only the stages that come after it, such as the A/D. But the possible benefit of a limiter is, uh, limited since it is just as easy to overload the input of an analog limiter as any other analog circuit--and limiting changes something essential about the sound of a recording, and requires judicious application).
-- Just wanted to add that throwing the pad switch on a condenser microphone reduces the signal/noise ratio of the recording by the amount of the pad, since it reduces the signal levels without lowering the noise floor of the electronics. Those switches are for emergency use ONLY. If you reasonably anticipate that a microphone's output levels could overload your recorder or preamp's inputs, get some in-line resistive pads (typical values are 10 and 20 dB) and put them at those inputs when setting up for a loud event. They knock down noise exactly as much as they knock down signals, thus preserving your s/n ratio. They're cheap, they're rugged, and they don't interfere with phantom powering.
Or depending on your recorder, it may or may not have settings for input sensitivity that work like the resistive pads that I'm talking about.
There's a ~40 dB difference in sensitivity between the most and least sensitive microphones on the professional market, and the maximum SPL of live sound itself varies by (say) another 40 dB from situation to situation. The gain setting of an analog mike preamp MUST be at least approximately correct to avoid clipping and/or the addition of extra, potentially audible noise. That's regardless of whether the rest of the recorder is 16, 24 or 32-bit.