Nope, all formats decode to PCM in terms of audio. I will use 7-Zip as an example again, lets say you had a .pcm file and a metadata.txt file, you compress to .7z with max compression.
Now you send the .7z (bitstream) to the AVR, the AVR extracts (decodes) the .7z, resulting in a .pcm file and a metadata.txt file. PCM > DAC > Amp > Speaker.
All formats can already be sent down anything with the bitrate to stream, when in passthrough mode HDMI-SPDIF uses a PCM stream to send all data.
Representing Formats for IEC 61937 Transmissions - Win32 apps | Microsoft Learn
Now lets say you had the current consumer standard (updated) SPDIF, which is 15+ channels, it can set the 8 x 16b 192k PCM stream needed to bitstream (passthrough).
The legacy SPDIF, still used at this time, but now superseded by the current version, uses only a 2 channel transmitter, and can not set as 8.
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If you played an MP3 or FLAC via a media player (which no doubt you do), its decoded to PCM and sent to hardware as PCM, same for Dolby-DTS (if you have decoders).
In order to get a 16 channel AVR, you need 2 x 8 channel DAC's, since I am not aware of any 16 channel DAC's, plus you need a 16 channel analogue amp.
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102 x 24b 48k = 117.5 Mbit/s | 8 x 16b 192k = 24.5 Mbit/s (~ DTS-HD MA max rate) | 2 x 24b 192k = 9.2 Mbit/s | 2 x 16b 48k = 1.536 Mbit/s (DTS max 1.509 Mbit/s).
Not 100% sure of the PCM stream for DD Plus and DTS HRA, but [2 x 24b 192k] would cover both.
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Both DTS and Dolby offer compressed storage, and smaller bitrate to do more channels, bits or samples, however with a DMAS, DTS-Dolby are just PCM processors.
Not saying a DMAS can't support decoding like other AVR's, but with 102 channels, and the right bitrate, why send compressed at all?
There is no DAC or analogue amp in a DMAS, you can totally blame your speakers for any loss.
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Side note, 2x frequency = sample rate, human hearing max ranges are 20Hz to 20kHz, which translates to 40kHz sample rate, above 48kHz digital is not worth it.
52 x 48b 48k = 119.8 Mbit/s, TOSLink high-speed modules: 125 Mbit/s (NRZ-PAM2). BMC is bitrate heavy (and old), RTN is bitrate light.
102 x 24b 48k = [117.5 Mbit/s] | BMC: [235 Mbit/s] required, RTN: [123.3 Mbit/s] required, RTN fits in [125 Mbit/s].
CPU/RAM (Device) > SPDIF (RTN) > TOSLink (125) -- TOSLink (125) > SPDIF (RTN) > CPU/RAM (DMAS).
Example: 100% power (bright, 1), 50% power (dim, 0), 0% power (off, -), return to nil (-).
The upgrade should be called SPDIF 2.0.
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Reminder, buy a Sound Unbound license to support DTS, and DTS PCM processing technology.