No. I explained the reasons. If you are going to build a perceptual DAC that encodes high resolution audio most efficiently, you would start by including the audible band, and then exponentially preserve less and less of the ultrasonics. By the time you get to 48 kHz, you have covered anything good that might be there. There is no reason to perceptually encode stuff above that, especially if that may come at the expense of fidelity in the audible band.
This is covered by the Stuart et. al. paper on potential need for higher sample rate (AES paper,
the audibility of typical digital audio filters in
a high-fidelity playback system):
View attachment 37301
Notice that at around 50 Khz or so, we are at the minima of the music spectrum and from there on, it is just noise that is rising up. So no need to encode that.
PCM is highly wasteful format. The goal here is not to preserve it all for the sake of it.
So no, there is no scam here with respect to upsampling to 192 kHz. It is the right thing to do to preserve music information but no more.