I have an integrated 2 channel and 5.2 system and it works beautifully. I use a preamp with bypass but if you do not want to go down that path you should simply get yourself a high grade (balanced) input switchbox. There are some threads discussing these devices on audiogon.
Your inputs would be the scarlatti and the FL/FR channel on your surround processor, and outputs will go to your preamp.
Not sure what you are getting at with HDMI / Toslink splitter, but you absolutely won't need this. If you want one input from your source (presumably a universal player) into the Scarlatti and another one into your processor, you simply run the coax (or AES/EBU) digital input into the Scarlatti and HDMI into the processor.