Sometimes you have no time to do 100% correct ETTR especially if there are some very bright light sources in the frame, and sometimes there are just some deep shadows which will benefit from extreme shadow recovery.. So in real world scenarios at least 12 bits won't hurt. That's just my opinion

By the way as you can see even in these examples if you push the shadows you will get mostly a red noise.
You can desaturate only dark reds and only in deep shadows, which will help. And then use your favorite noise reduction with less aggressive settings
