As an owner of the Meridian HD621, I can also assure you, that it has 8ch AES out over the RJ45 - 8p8c.
This is a common standard in digital cinema. I use it with a Dolby Cinema Processor (CP650) that has 8ch digital input.
The restrains were already mentioned: Audio in HDMI must be LPCM, Output can not be higher than 96khz.
As for the HDMI standard - I don’t think it matters, just use an HDMI2HDMI Audio extractor like the ones from finetech.
Meridian claims the MHR (RJ45) digital audio out is encrypted. Is that just words?