Thanks for the explanation Nod. My sound card isn't capable of 88.2 kHz and 96 kHz creates huge files and taxes my cpu a bit more, so I have decided to record at 44kHz 24Bits.
24/44.1 should still be absolutely fine Pasha - assuming your recording chain/imported media is good quality the results will reflect that.
I'll then export to the same sample rate bit depth using Live render to disk then I would apply 16 bit depth using the program you suggested. If you have any other dithering suggestion I'll be happy to know.
There really isn't that many 3rd party options available on the dithering front - most of the time the algorithms are licenced into apps (such as POW-R and MBIT). However I did find that Mda-Vst have one such plug for both Win & Mac. http://www.mda-vst.com/
Just apply the dither to your 24 bit master file and then use Audiomove to alter the bit depth to 16 bit. Essentially it's avoiding very low level rounding errors to your audio during bit depth alterations - so you achieve a very low level of 'smooth' noise rather than 'rough' truncations which are far more audible. Dithering typically applies the noise to the bottom 'two bits' so, in the case of 16 bit/44.1kHz which has 96dB dynamic range, your looking at an overall 'noise floor' of approx -84db after dither/bit change has been applied - as each bit is 6dB. This may seem overally techy in an age where most recordings have RMS levels smashed beyond belief, and the average listener probably isn't going to care, but we aren't the average listener
I've tested yesterday two different approaches first using only Live for rendering and second rendering outside Live with Audacity. Today I'll compare with Audiomove. It seems that by using Live render to disk only, I lose some of the high band clarity while audacity is closer to the original played in Live I haven't noticed any stereo mess up. Thank you so far, your posts were very helpful.
Glad to help out mate - as regards the issue of Live render vs resampling vs third party it's really a personal choice. Personally if I'm knocking out a quick mix I quite like the sound of the Live engine - however if I'm shooting for absolute top drawer quality, overall mix control whilst keeping the CPU managable in real time I'll import the stems into Nuendo. Anyways best of luck with your masters Pasha....