Right...I guess its time to add my 5 cents....
I own now in total three Hermes Lite 2 TRXes. (Since I am 99.9% remote, I decided to explore the SDR Route this way) and altough for remote I opted for Flex 6300, but only due to software and mainly smartlink, where little bandwith is needed and i can run on iphone, ipad, etc.,but never ever I came even close to max-out the ADC.
I ran the HL2 in local skimmer mode with 10 RX Slices, conected to Active RX Array, while second was connected to 3el. 40m and only 30m of COAX, listening in from within EU and while I had LY9W,9A1A and simillar big guns reaching -60 / -55dBm signal levels, I was still just fine copying ZL1X etc. I really think when it comes to SDR, that ADC bits are not the only limiting factor - speciall when we can play with ditther and move the whole dynamic range using ATT/LNA to where we wanted it to be at any given moment.
I wanted to compare so I installed for CQ-WW CW an Red Pitatya clone, with two LTC2208-16bit ADCs running in OpenHPSDR Protocol1. I tried to listen in having a RX Splitter, so delivering same signal to HL2 and the 16bit LTC2208, and again, I just could not find a situation, where the 16bit would work and 12 bit would not. They both performed the same.
So from my point of view - ye LAB Tests might show situations, but in real life - and probably only with XVRTr and VHF/UHF/Micro you can reach such a noise levels and signal strenghts where it can become necessary to have higher dynamic range, but again - even from middle of Europe, I so far managed to hear even in IAR:U Reg1 VHF Contest.
73 Jiri OK2IT