I have spent a lot of money, and continue to use a lot of storage, on high-res files, but here is the problem with saving 24-bit PCM audio with lossless compression: at 24 bits, the file is going to include content below the analog noise floor. Noise is not susceptible to compression. A CD of classical music ripped and converted to FLAC 6 often compress to 250 MB. Going up to 24 bits without changing the sampling rates usually doubles the size (or more). Sure, space is cheap, but I'm nearly at the limit of my 8TB drive. At least with me, it's getting ridiculous.
20 bits (120 dB of dynamic range) would be the sweet spot from my OCD/audiophile point of view. But for music listening, it just doesn't matter.