Closest I’ve seen to this being done was the movie Black Hawk Down. Meanwhile can you imagine everyone screaming at each other in the John Wick films? Other movies like Aliens would have been a whole different level of horrifying as the sound fades away until its just the sound of the actor’s muffled heart beat and their cluelessness that the xenomorph is crawling up behind them.
I got tinnitus for free. I have had that ringing sound nonstop since I was 4 or 5, and I’m now almost 70. You do get used to it. But you will experience hearing loss as you get older.