TLDR;
My take on the microstepping is the frequency range: 50khz or 250khz range, which is out of audible range for human ear.
You do 1/2 stepping, theoretically, you gain resolution by “2 times” but you lose torque by the same ratio compare to full stepping and holding torque. Same goes for 1/16 or 1/250. Of course, when you slap someone on the face with 1/16 of power would make the sound 16 times quieter 
Nema17 has 2 windings setup as 4 poles on the stator and 50 poles on the rotor, hence the magic number 200 steps per revolution. Those 200 positions actually kind of snap on or strongly lock on when apply DC current (holding current) to the motor. You flip the DC current flow of one winding, you effectively move the rotor to next locking position.
Microstepping of 1/2 works like you gentle tap on the tool head for 50 000 times per second with half of the force and hope the stepper rotor move half way from one snapped position to the next position. It actually does work when the load is low or no load. But when friction applied, load applied, inertia of the whole motion system applied, will the force generated by PWM 50% duty cycle can actually spin the motor by half a step? Same for 1/16 stepping, will PWM 6.25% duy cycle can actually move the same mass for a distance of 0.0125mm.
I do understand while the print head already is in motion, it take a lot less force to do microstepping and thus microstepping is somewhat achievable. But is it readily reliable or just “good enough”?
If the printer used T8 lead screw or ball screw for the X-Y movement (the latter is way better) then each step of stepper can move the print head by 8mm / 200 = 0.04mm or 4mm / 200 = 0.02mm accurately. The trade off is nema 17 max speed is only about 3000 RPM, or 50 rev/s. For belt/pulley setup, it can fly at 50rev * 20 teeth * 2mm pitch = 2000mm/s, while with T8 lead screw it is 50*8 = 400mm/s
They all advertise, this printer can move fast print fast, 10m/s² acceleration, that printer can do 20m/s²… but can they claim how accuracy it is?
If you ever program or operate a real big ass CNC machine before and be able to move the spindle by 0.001mm reliably, you’d understand all belt/pulley motion systems of cheap 3D printers are just a joke
But once you know it’s limit and accept it, it can work wonderfully within it’s capability.