The answer is yes. It is also no at the same time. See a monitor is not able to show all the colors humans can sense. Since humans certainly can sometimes see differences between the colors of the 8bit per color palette it means more could be useful.

But if you extend the color range and dynamics then you also need to boost the resolution of the color system. Thing is if you do then you have a lot of space for resolution improvements.

Allready last gen graphics cards were able to adress 10bits per channel, wether your os or entire pipe could or not. Most dslr cameras capture 12 bits etc.

Displays today do not show alpha channels, so i doubt your hardware will be 32 bits etc. So the numers your saying dont really make sense for monitors.

Anyway for editting the images it certainly makes sense to have more data. As otherwise your edit might make the limitation visible.

The answer is yes. It is also no at the same time. See a monitor is not able to show all the colors humans can sense. Since humans certainly can sometimes see differences between the colors of the 8bit per color palette it means more could be useful.

But if you extend the color range and dynamics then you also need to boost the resolution of the color system. Thing is if you do then you have a lot of space for resolution improvements.

Allready last gen graphics cards were able to adress 10bits per channel, wether your os or entire pipe could or not. Most dslr cameras capture 12, 14,16 bits etc.

Displays today do not show alpha channels, so i doubt your hardware will be 32 bits etc. So the numers your saying dont really make sense for monitors.

Anyway for editting the images it certainly makes sense to have more data. As otherwise your edit might make the limitation visible.