Don't run with that argument please. It is faulty and devoid of science. Peer reviewed papers have been written on this which you can see at the end of my article here:
https://www.audiosciencereview.com/forum/index.php?threads/dynamic-range-how-quiet-is-quiet.14/
Bottom line, you can have 120 dB dynamic range in a room with respect to what we hear. The noise floor of a room measured with a SPL meter is absolutely wrong.
Just go in a listening room and close the door. Is it quiet? If so, then you have very low
perceptual noise floor. Diregard the SPL meter because it is measuring low frequency noise that is well below you threshold of hearing in those frequencies.
As for peaks, that is a personal decision as to how loud you want the transients to be. I have a 1000 watt amplifier and I can tell you that I have turned it up near max volume at times. Granted, the material isn't at 0 dBFS always but in a large space, the last 500 watts makes a tiny difference because it is just doubling just like going from 1 to 2 watts.