Dont get confused.
DTS HD and Dolby TrueHD cannot be passed using Optical. It will not work but it will still give you DTS and Dolby only.
It is a 5.1 Signals. If you have 7.1 then this optical option is out.
DTS Connect is a feature from mobo onboard sound. This allows you to convert any signals from a 2ch to a 5.1 channel. But however it isnt real 5.1. You can hear the slight difference.
If going by your connections then yes. IF you go by HDMI route, you can get both audio and graphics signal out from your PC and goes into the AVR. And from AVR output another HDMI to TV or Monitor. But don't forget, if your monitor or TV has sound output, please disable it first from sound panel.
Then from there, you can enjoy DTS HD and Dolby TrueHD for all your RIP blurays that you rip in ISO format. Use Kodi Player.
So just to confirm, mobo that supports DTS HD and Dolby TrueHD is not needed and I can still get DTS HD and Dolby TrueHD output since my receiver supports DTS HD and Dolby TrueHD (using HDMI for video and audio in one single cable).
I've short listed
http://www.asrock.com/mb/Intel/H81M-ITX/ - With 7.1 CH HD Audio with Content Protection (Realtek ALC892 Audio Codec) <- Better sound perhaps?
http://www.msi.com/product/mb/H81I.html#hero-specification - With Realtek® ALC887 Codec
Based on what you've explained, both mobo should have the same audio signal right since all the audio signal is passed to the receiver for processing and not process by the sound card in the mobo.
I'm using a 7.1 setup btw.
