Well, Like I mentioned, I would hear distortion if I rendered the file like that to say 16 bit fixed without a brickwall limiter.
But, while playing back I could have my meters show +6dB above 0 and not hear distortion because it’s 32 (now 64) bit float.
The bit meter shows correctly that it’s at 64 bit float.
If I do the same in Sequoia or in Izotope RX6 it sounds fine.