[MAzevedo]

What exactly do you mean by "normal metering"? If you mean digital, non-oversampling metering, then it will call some number of consecutive full-scale samples (usually 1 or 2) "over". If you clip, and then after clipping drop the level 0.1dB, the you will have no full-scale samples (but lots of consecutive samples at -0.1dB), and you won't see any overs on the meters. However, if the analog stage after the D/A doesn't have the headroom to deal with the amplitude of the reconstructed waveform (which will have peaks greater than full-scale), you could still hear distortion on playback.