The only thing really in favor of hi-res audio is that is allows you to have rather lazy circuit design. You can have a super lazy 20 kHz -> 48 kHz anti-aliasing filter that is cheap... or you could just properly make a nice 20-22k sharp filter, and stop wasting all that bandwidth on worthless doubled sample rate audio.

In reality, there is absolutely 0 use for digital audio sampled above 16-bit, 48 kHz for listening. (44.1 kHz is fine too, I guess, but the sample rate is annoying for compatibility with a lot of modern systems) It has uses for music production, but that's about it. Final mix should be 16-bit/48k.