That is correct. Standing is the correct play on all positive counts , including all counts with anything larger than minimum wager out. It is the incorrect play on negative counts, all of which only the minimum wager is out. Since I do not even play many negative counts standing is the correct play most of the rounds that I play.
In addition, 16 vs 10 is one of the bigger tells of a card counter, being that CC's play it differently depending on the count. Because it is a common hand, it is rather easy to see. So standing all the time is very inexpensive cover.