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Are there any meaningful parallels that can be drawn between digital
photography and digital audio?

For example, if you take a digital photo with a high-megapixel count,
this means you can enlarge the picture more before you start to see
imperfections.

So if you record a 24-bit signal just under clipping, does that mean
you can get away with wider level adjustments in the DAW mixing
environment before noticing signal degradation?

I've formed some analogies:
linearity of audio recorder= lens quality
frequency range of recorder=color accuracy
bit depth of recorder= pixel count

Any truth to that?