Scary Loud & Unexpected Sound Blowing Out Audio Meters

Does this only happen with Cubase in 64-bit floating precision mode or in 32 bit mode too? I had a similar problem with Cubase and Amplitube 4 in 2018. Put it in 32 bit mode and never changed back since.
https://forums.steinberg.net/t/64-bit-floating-precision-pros-cons/99549/52?u=m1000