So then it's confirmed: all we needed was a 20/96 which FLAC that compresses to about the same file size as a 24/48 MQA encoded file, and it totally lossless, even for the ultrasonics.
It even makes sense that you can store more audio information losslessly than lossy the way MQA does in a FLAC encoded file. The MQA encoder converts the ultrasonic data to noise (not even metaphorically, but it literally converts something we can't hear to something we could potentially hear ). The FLAC encoder will do a very bad job at encoding that part efficiently. Whereas the 20-bit file contains very little noise and almost exclusively music. And that is exactly what FLAC is good at. So on average, it can do a much better job with the 20/96 file, even though it has double the spectrum to compress.