Automatic scaling doesn't work very well. You can find numerous design blogs showing you in great detail why it looks slightly shoddy if you scale from 512x512 down to 128x128 or 64x64, and how below 64x64 you just get into illegibility. For your app to look great you need hand tweaked assets for most resolutions.
http://mrgan.tumblr.com/post/708404794/ios-app-icon-sizes
http://bjango.com/articles/designingforretina2/