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Velocio
Dramatic_Hammer
I'm guessing your studio experience was some time ago - 24bit recording (and the 32/64bit fp audio engines) means there's essentially no noise floor in the digital realm. Obviously if you're capturing analog sources then getting the gain structure right and minimising signal chain and source noise is part of the game (shit in = shit out) - compression raises the noise floor [of an individual recorded track] in most cases.
Other than that you both seem to be arguing the same point - audiophile 'purity' is nonsense.
The only place where really high paper-spec gear is used in music production is in mastering and I suspect most of the magic there is in the people carrying out the work!
Edit: and I think you're both right about who is worrying about this - friends in the industry just make music and use their ears, it's dorks on places like SoS who obsess over jitter and speak authoritatively about £30k stereo converters (at least until you realise they've never made music professionally).