Not so: this oversampling is mostly about generating distortion products without aliasing, so in the context I mean, the difference is obvious. But, it's a tradeoff- purer behavior under distortion, versus a dead quality that comes from extreme over-processing. I've never seen an audiophile talk about 384K+ sampling rate unless they mean DSD, and with that, it's for getting the known unstable HF behavior up and out of the audible range.
Oversampling in studio recording is mostly about eliminating aliasing in software that's producing distortion, and it's only relevant in that context: I don't think it's nearly so relevant on, say, an EQ.