Any of those options would sound better than a matrixed mp3.
I was mainly thinking about an easy way to create a stereo mix (5.1 -> 4.0 -> [QS encoded]2.0) for stereo streaming services, stereo earbud listening and (old school) stereo MP3s, I know matrix encoded/decoded surround sound directional accuracy is reduced, but QS encoding would provide options for retrieving some semblance of the surround sound mix and is said to sound more spacious in stereo (sound to the left of L and to the right of R).
Anyway...back to the original topic of this thread...
Kirk Bayne