Might double check me on this, but Apple TV doesn’t do MQA so you’re still limiting yourself using that versus something like a Bluesound Node 2/2i. I believe Apple will do 24 bit but is limited to 48 kHz too. I use a Node via coax (since analog gets digitized anyway if you’re using Audyssey) and it works very well with Tidal.
Correct i just checked it doesn’t do MQA, limited to 24bit/48Khz however i think one advantage still is that it uses better DAC via the hdmi route.
Also for MQA instead of going via coax(analog) and then AD and DA conversions better bet should be using Nvidia shield for $200. it is much more advanced with plenty of features, good interface and supports 4k and MQA. We can rely on the DACs of Denon to do their job assuming they are good. Please comment if spending more on external streamer with DAC makes sense. Personally i want to keep as few devices as possible.