32bit float-point audio recording?

[Rockman413]

Hi there,
I'm a little bit confused about the 32bit audio thing. In my understanding, if I'm recording a virtual instruments signal, I pushed it up all the way high to +50dB and record it into an audio track, yes it will sound clipped/distorted. But If I use clip gain by -50dB, it should be exactly the same signal as normal. So when printing the stems, as long as I'm doing everything with 32bit float point audio, I shouldn't worry about clip/distotion of volume over 0dB.
am I correct?