Yeah, I know what 0dBFS means in terms of sample value.
Now okay... maybe you are not familiar with how music is made, how music is mixed, and how it's mastered; the very one music you listen to and you like.
Here's a bad news for you: clipping is EVERYWHERE in the music you listen to, and it has been for decades. The same way analog clipping has been taken advantage of by using it as a creative tool, digital clipping is also being used as a creative tool at the production stage, at the mixing stage and at the mastering stage. Did you know that drums are clipped, basses are clipped, vocals are clipped, hole songs are clipped, etc.? It's there, but you don't notice it in the music you enjoy listening to. (Of course I'm not saying it's there is 100% of music that is made, but in very large number -- KaiS said 99%, I don't agree with that number but for this sake of demonstration let's take this number).
Now that you know that, will you suddenly throw away all the records that you love and that you find beautiful sounding and good feeling?? Just because now you know there's clipping?... sic. Of course not. Would you dare to say that 99.x% (your number) of 99% of music (KaiS's number) is a problem?
With your reasoning and the reasoning of the 'clipping police', genres like rock'n'roll would have never existed, because according to you " distorted guitars are wrong, it's clipping all over the place! ".
Please do not go fighting something you don't know about, and which ironically is everywhere in the music you listen to.
Have you ever analyzed electric guitar tracks created from a real DI passing through a digital guitar amp? Please don't because you'll get a heart attack just by seeing those ugly clipped waveforms... Did you know that synthesizers use square wave oscillators, i.e. what you can find worse in terms of clipping? Did you know that some music is made with that? Did you know that mastering engineers clip their converters, and have been doing so for decades? And I can go on with the list.
You know why you are fooling yourself with the theory saying "Pre-FX OVR flashing -> problem with the input stream in 99.x% of cases"? Because if I tastefully and transparently clip and limit a song at the mastering stage and lower the output by just 0.1dB (yes, hundreds of mastering engineers can do that), the 'OVR clipping police alarm' will never switch on on the ADI-2, not a single time. And you'll never notice any clipping or limiting and you'll enjoy the song and you'll be happy. But if I didn't lower the output, then the 'OVR clipping police alarm' would flash and *Suddenly*, the same song that you loved and which had no issue, becomes a problem.
This is a serious lack of knowledge.
NOW, the clipping which is happening inside the DAC -- because of DSP, because of Inter Sample Peaks, etc. -- is something interesting to have an OVR indicator for, for the user to know that some clipping has been introduced by the DAC unit to the sound he/she is listening to, which was not there in the first place. This makes absolute sense. (1)
"OVR" in the digital world came initially from the fear of Full Scale; in the very early days, clipping was considered bad because we just came from the analog world where waveforms were continuous. But the same way some people one day decided "screw the police" and overloaded a guitar amp and made that sound a thing (whether you like it or not, distorted electric guitars became a thing), some people started to exploit digital clipping as a creative tool and say "screw the police", and started to clip drums, basses, vocals, synths, whatever sound source, engineers started to clip their converters, etc. etc. as I said the list can go on.
A famous sound engineer and musician (Dan Worrall) recently made a video where he created a music where every single sample was at 0dBFS. Yes, every-single-sample. lol, he just won the loudness war. And there's absolutely no distortion (I quote Dan Worrall: "To those saying its distorted: there is no distortion. Its a clean, high fidelity recording of two pulse waves with complex modulation.").
=> Who are you to say this is bad? Who are you to say this is not music? Who are you to say there's an issue in the input stream? Who are you to limit creativity? If you don't like it: just pass your way.
Here's the link: https://youtu.be/s_ANEQu5Lto (beware of the heart attack, I warned you )
(1) you can read this sentence again because I think we agree on that point