Here we go. File is mono content, so only one channel was processed in the following.
Original track, at the largest ISO with more than +5dBFS peak level which is beyond what any DAC I'm aware of would handle without clipping.
View attachment 323918
Reference track (upsampled to 705.6kHz 32 bit, -6dB gain applied, downsampled to 176.4 16bit):
View attachment 323920
Clipped (same as above, with hard-clipping at -6dBFS before the final downsampling):
View attachment 323921
Note: The "dimple on the roof" comes from the downsampling as theory says it should (ringing from the linear phase resampling).
Now let's have some fun comparing the two versions (ABX logs welcomed). I didn't bother as I'm heavily biased anyway towards "no difference" from previous experiences.
I'm aware that this simple test might not fully represent what could happen in practice (notably the analog output stage of DAC might run into saturation with a sticky recovery even when the DAC chip itself could handle +6dBFS peaks properly). But is a starting point at least.