ARC bandwidth is limited to 16 bit 48khz PCM stereo*. eARC can handle 24/192 max.DO100 Pro
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They mention every type of connection and its corresponding bitrate limits EXCEPT the arc input. I think that's telling...
*My LG OLED limits ARC to 16 bit 44.1 for everything no matter what setting. I use an OREI extractor and when I set the LG to use eARC to the OREI it switches to 48khz on my DAC, however my current DAC only shows sample rate and not bit depth, so I can't confirm if it's dithering to 16-bit but I assume so.