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Neve Modules - HI / LO Switch?

I've been using various 10XX series modules for a while now and was wondering in anyone knows the correct setting of the switch on the back of the module. I've always just went with whatever it was already set to, until I starting hearing about a "correct" setting for a particular mic. I recently spoke to someone knowledgable, and they said if you are using newer microphones, set it to HI.

New 24 bit A/D vs a great old 18 bit

I'm going to be getting an A/D converter in the next week or so. I was going to get the Lucid 2496 but I found an 18-bit Mytek for less. I know the Mytek was really expensive back in the day, how would it compare to a new Lucid or Rosetta? Being 2496 compatible isn't all that important to me right now as I don't have any other gear that can handle it. Good sound is the only consideration.