Yes Ronnie it does transcode my lossless library for my iPhone and that is a good thing.
But remember I can log in anywhere in the world and access my lossless iTunes library. Not to mention can pull said files (and iTunes lib file) onto other media servers etc. etc.
Just one man's approach...
And yes I agree with you that in this forum it is, at least to me, exclusively all about lossless.
I'll let you examine the Synology capabilities for file formats and such since my needs are all currently met

All fine, just as long as you understand that any Port Forwarding Streaming from the SYnology NAS involves the Lossless file being Transcoded into a LOSSY format........I've seen some references to 128kbps and 192kbps MP3 on their Forums
So, for ANY Device (Phone, PC, SB, Sonos etc.) not on the Local Network will receive a Lossy Stream........not a Lossless one
Nothing wrong with that.......and I understand the benefits of being able to DOWNLOAD or Transfer some of your ALAC Files or iTunes Library files.......but that is Download and
then Play........which is obviously not Streaming
Lossless Streaming would be great.......but Audio Station and DS Audio don't provide it.......and neither do any of the other NAS / PC vendors at this point......they likely see the Broadband Upload speeds as being the critical limitation