I'm running Cubase. If I remember correctly from the manual, that 32 bit float has to come down once you mixdown to 2-track.

The 32 bit float ensures no internal clipping. The "overs" or red clip indicators show the overs that will become distortion at 16 or 24 bit fixed (as in the exported wav file).

It's been a while since I read the manual. Someone correct anything I missed or got wrong.