Philip, thanks. True, I think that "it" is in some sense "greater" than "bit" because we can't know everything about the universe - in particular, quantum states. There is also an asymmetry between observers of different degrees of "in the know." For example, Alice the PO can create a qubit of a certain polarization aR beta L. It is known to her and anyone she wants to tell, which can be demonstrated by certainty of match testing. To that extent, an undisturbed qubit is fully actualized by the information characterizing it. [Note: I gave up on symbols etc. in these comment boxes, it doesn't correspond to the simple rules I expected.] But Bob, a UO who doesn't know what this state is, must guess by applying simple binary tests which destroy the information.
Note however that once the qubit escapes and begins being buffeted and distorted by the environment, Alice can lose control of her inside information and even she is not able to know for sure the nature of the qubit. (Note: I don't think this process in any way explains collapse of the wave function or definite outcomes, see my first FQXi essay.) My own techniques might allow Bob to find more about that one photon, or distinguish mixtures previously considered equivalent, but the fullness of the universe's events is still going to be beyond the reach of either Alice or Bob. Hence the universe is indeed to some extent "acataleptic" in a general sense. It is more than *anyone's* information. I am only helping to democratize between relative levels of privilege.
I agree with the asterisked part of this Smolin quote from the reference above:
"The most radical suggestion arising from this direction of thought is the insistence on the reality of the present moment and, beyond that, the principle that all that is real is so in the present moment. To the extent that this is a fruitful idea, *physics can no longer be understood as the search for a precisely identical mathematical double of the universe. That dream must be seen now as a metaphysical fantasy that may have inspired generations of theorists but is now blocking the path to further progress.* Mathematics will continue to be a handmaiden to science, but she can no longer be the Queen."
PS - Not sure re "quit" - typo or neologism?