You are correct. The left and right analog outputs from your player can be connected to any stereo analog input on the 1050, but those inputs will be converted from analog to digital, have DSP processing applied (if any is enabled for that input) and bass management applied, and the converted back to analog. The left and right inputs of the 5.1 direct input can also be used and will preserve the player's analog output all the way through the receiver, at the expense of surround processing and bass management.

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