Yes you are correct:
Shutter speed on standard film is around 72hz.
24p and a shutter speed of 1/24 looks like crap! I too loath shutter flicker...
Personally I like 24p and 1/96... That make me happy.
As you play with shutter speed you will notice the slower the shutter the more light is allowed in, so many people slow it down to help reduce grain in dark environments... Just watch out for fast moving object and especially fast pans / whips...
President:
http://www.VertexMedia.com