In my experience, so far in every case I'vw tried, and I have tried manyl, I find that the 5.1 DTS signal, which is usually 96/24 to sound significantly better than any Dolby 5.1 version, whether it is derived from the Atmos signal or not. If there is an additional DTS signal present that says its 6 channel 192/24, that is most often a Quad (usually original mix) that had a silent center and sub.It's still a question I am looking for an answer to. It doesn't seem to have a simple answer.
When you rip, there is usually a 5.1 mix available. But there are 2 varieties. A stand alone, dedicated 5.1 mix (can be 24/96) and also a derived 5.1 substream within the Dolby TrueHD stream (typically 24/48). Sometimes both are available on the disc, sometimes only the derived 5.1 stream.
So if you rip all three streams, they play back as:
1. 5.1 dedicated.... Same as if the mixer was supplying a 5.1 DVDA or SACD. It stands on its own. This is a lossless process.
2. 5.1 derived.... Takes the 7.1 stream and folds down to 5.1 using pre set algorithms available to the mixer when the Atmos stream is processed. The result is written on the Blu-ray as the 5.1 Dolby TrueHD substream. I'm not sure how this substream is accessed from a disc player. I believe this is a lossy process, but not sure.
3. 7.1 stream.... The 7.1 stream goes into your processor as 7.1 and is folded down to 5.1 (or even 4.0) using the algorithms found within your AVP/AVR. This should be lossless, I believe
You would think the best option is the 5.1 dedicated mix, especially if it's done by a well known mixer. But this option isn't always available. When it's not, which fold down option works better? Is there even a difference? Try to compare and see.
In answer to a previous posted question, I have purchased many Atmos discs that have come available, and in some cases, IMHO, with my 5.1.4 setup, the 5.1 DTS mix is superior to the Atmos mix overall. Less separated, but better overall sound. In regards to not having a Atmos receiver, or having one but no Atmos speakers connected, after a number of tests, I have used DVD Audio extractor, (after making a BU copy of an Atmos disc with MakeMKV to remove copy protection), I create the 8 channel FLAC files, which includes the 2 height signals. Unfortunately, playing it back with anything less than an Atmos decoder, the height speaker signals just get mixed into the front floor speakers, and I guess they are doubled in my rear speakers since I have a .4 setup. In those cases, again I find the overall sound of the encoded 5.1 DTS signal to sound significantly better AND different than the Atmos mix being played as a 5.1.
I have a different question, but I think I know the answer. I guess the there is no way to take those decrypted FLAC files, and make them play back as they would including the height speakers in my setup? To me, that would be ideal, as most receivers will play back FLAC multichannel files up to 7.1 correctly to the right speakers, and then any FLAC files that were encoded as height speakers, .2 or .4 and above could be added to the end of the multichannel hierarchy (LF/RF/C/(sides +/-)/LR/RR/Atmos.2/Atmos.2, etc.)
Some might ask why that would be important. To me, and I'm sure many other that don't want to pull our our BD every time we want to hear an Atmos mixed album, and want to hear it instead from our drives, and in my case, my 2024 Acura RDX which plays back 5.1 FLAC files beautifully! The other issue that this would fix, is that although creating an .mkv copy of decrypted Atmos can be played back on newer receivers that have an Atmos decoder, making that single .mkv file into individual tracks, like you would like to play them back is as my friend AR surround would say is a PITA! And you still need to play it back through an Atmos decoder in.mkv format!!!!