Nope.
8 bit Vs. 12 Vs. 16 bit really makes little to no difference at this day in time. Since there is no output device that is capable of more than 8 bit.
The problem with jpeg is that the more you compress it, or the more you save it, you start to generate artificats in the image that are very notice able. So if you are going to be an idiot and shoot jpeg than the first thin that you should do imediately upon downloading it is to save it as a tiff.
There is NO-REASON to shoot jpeg unless you are A. Lazy, or B. Incompitent with digital post processing.
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