"So I assume

Bitstream - sends to the toslink.
LPCM 5.1/7.1 - sends to 6 or 8 analog outputs.
2CH - Sends to 2 analog outputs and/or 2 Channel Toslink."

I think that is correct but I didn't try that at all, just used the LPCM 5.1/7.1 position.

Shawn

.