"As good as high bitrate DD and DTS were and still are"
What does that mean in relation to an old Meridian G68? Does it mean that the bitstream received under DD & DTS is really good enough?
Assuming you're referring to the bitstream as in a given blu-ray outputting to spdif, then that's what I was pointing out yes. The full on core of blu ray dts at 1.5mbps, if you were to take and compare the output versus the lossless dts, the end result was essentially identical. This can be messier with DD because as mentioned they actually used a fully separate track for spdif and that track isn't necessarily 640kbps, though at that bitrate the result is equally good.
That was what the original forum posts I was mentioning showed. They took the output of both, and then compared the resulting waveforms, and showed that across multiple tracks they were
identical. Not so close as to make no difference, but identical. I know it's out there somewhere, but we're talking a decade ago post from when this argument was running hot.
Now if as Srrndhound is taking it, and you're referring to any kind of stream, then yes it's very dependent on what exactly the stream is.