Correct. The ABX Test was designed to reliably return Null Results unless the audible differences are "gross".
Now as a tool to show up subjectivist audiophile reviewers waxing lyrically how a mains cable causes day & differences (unless it fixes a ground loop or a missing earth issue of course) it is excellent.
It so good at returning null results, if you get someone who believes mains cables CANNOT MAKE ANY DIFFERENCE (not even those I mentioned, which they can) OR someone who believes that mains cables MUST MAKE AN AUDIBLE DIFFERENCE and instead of changing mains cables you swap speaker cable polarity, neither individual can hear what I would a quite "gross" audible difference.
The problem is that is is a challenge. That is what it shares with and what makes it akin to the shell game.
Yes, I did a similar test once, ages ago, in german hifi forum long gone from the net.
There actually I submitted my music ripped was send back a CD and did the test at home. It was CD vs 128VBR MP3. It was not that easy to tell, but in the end I was convinced I had ID'd the altered tracks correctly. I posted my results and go the reply I had gotten it wrong and had zero corect ID.
I then posted my reveal, namely that I had used Reference Recordings tracks with HDCD, and showed that in fact my ID was correct, using the secret HDCD Code and a frieds Audio Synthesis DAC with HDCD. It promptly got me banned.
And yes, I identified the tracks by listening, because I knew what to listen for, having processed myself the same tracks as MP3 to be able to "train" myself in identification before I ever send the tracks off. I did not even have to check my "cheat codes", I just used this as insurance my interlocutor would deal honestly, which as I found, he did not.
Well, we may argue that in theory music and microphones exceed the dynamic range capabilities of Red Book CD, but the difference is NOT that large. I would suggest that 18 Bit (true 18Bit) at 64kHz would probably have been good enough.
It was actually discussed, AFIK but it was not implemented because it was decided that CD MUST HAVE 74 minutes playback time (instead of two times 25 Minutes - which was hell on concept albums, artistically speaking BTW), but an 18 Bit 64kHz CD would have been at 45 Minutes per CD.
And of course, in ABX tests (yeah, they are like Pomodoro in Italian cooking - get in bleedin' everywhere) there was no difference between 14 Bit 32kHz, 16 Bit 44.1kHz and 18 Bit 48Khz.
So I guess we should
be thankful for what we got, it could have been 14 Bit / 32kHz (which is what is in use for NICAM and FM Radio digital audio distribution with a log remapping of the dataspace so transmitted is actually 10Bit/32kHz plus overhead).
WARNING, VIDEO EXTREMELY NOT SAFE FOR WORK (NSFW explicit with FFN)
So CD is just a smidgen below.
For 99% of the recordings we are given, it is good enough though.
Thor