I think you would be happy and have a balance that would work if you either continued to use 16-bit depth and 44.1, or if you switched to 24-bit and 44.1 sample rate.
I do not think you would hear any difference between the 2, and as BitSync posted, it strikes a balance between fidelity and resource consumption.
If your computer and interface support 24-bit at 44.1, then you might as well use that, but if it runs you to the edge, then switch back to 16-bit and 44.1.
Having your system run stable is more important than trying to satisfy Freddie. :)
Bob Bone