Yes.
24bit is only useful in the recording process, not for the final product. The only difference between 24bit and 16bit is the dynamic range. The dynamic range of 16bit is nominally 96db which is already far more than any final product needs or uses.
The reason to use 24bit in the recording process is because it allows you to fudge your gain staging and not worry about it. So yes, I record at 24bit because it allows me to not necessarily worry about my gain staging when recording dynamic music like jazz or classical. I shoot for about -12dbfs (about halfway up most digital meters) as my peaks and even if the signal is much quieter, the noise floor of 24bit is so low that you can increase the gain after the fact and it won't suffer from quantization errors, aliasing, etc.
But for the final mastered and delivered product, 16bit is more than enough.
Here's a great article on why and it even touches upon the subject of the usefulness of dither. http://www.head-fi.org/t/415361/24bit-vs-16bit-the-myth-exploded
From the article:
So, 24bit does add more 'resolution' compared to 16bit but this added resolution doesn't mean higher quality, it just means we can encode a larger dynamic range. This is the misunderstanding made by many. There are no extra magical properties, nothing which the science does not understand or cannot measure. The only difference between 16bit and 24bit is 48dB of dynamic range (8bits x 6dB = 48dB) and nothing else. This is not a question for interpretation or opinion, it is the provable, undisputed logical mathematics which underpins the very existence of digital audio.So, can you actually hear any benefits of the larger (48dB) dynamic range offered by 24bit? Unfortunately, no you can't. The entire dynamic range of some types of music is sometimes less than 12dB. The recordings with the largest dynamic range tend to be symphony orchestra recordings but even these virtually never have a dynamic range greater than about 60dB. All of these are well inside the 96dB range of the humble CD. What is more, modern dithering techniques (see 3 below), perceptually enhance the dynamic range of CD by moving the quantisation noise out of the frequency band where our hearing is most sensitive. This gives a percievable dynamic range for CD up to 120dB (150dB in certain frequency bands).
Again, I'm talking about the final product, not the recording process. By all means, record at 24bit. Many times it will sound better but that's because you don't have to worry about the gain. Case in point, I recently did an audio/video mix of a classical percussion duo from Michigan State. Unfortunately they recorded it themselves using a Zoom audio recorder / camera and some other GoPro style cameras. The Zoom was their main audio recorder and it was set to 16 bits. When they set the recording levels, they did so using the loudest part of the piece as their guide. This was fine for that particular movement, but unfortunately the first movement of the piece was orders of magnitude softer. And because they recorded it at 16bit, which does not have the extended dynamic range of 24bit (which is really just extended detail at very low volumes), when I gained up the audio there was all sorts of nasty quantization errors in it. I added some dither but the damage was done. If they had recorded it at 24bit, it would've been fine. Of if they had been more careful with their gain staging, it would've been fine.
Also, consumer devices don't exactly have the best analog front ends. Most conversion chips are the same and don't have a sound. It's the analog electronics in front of the ADC and after the DACs that make the difference.