Thanks for your comment! Yes, there is a place for higher sample rates and bit depths - especially for authoring content and playback on high-end systems. As you mention, real-time effects can also benefit.
I could have worded what I said better; I don't think people are arguing it's never needed, just that on a small board like this (with limited space for more filtering, isolation, balanced inputs/outputs, etc), other factors can somewhat limit the usefulness of higher sample rates and bit depths. That said, the audio quality has been great for the things I've done with the board.