Check out page 15
http://www.arcam.co.uk/downloads/FMJ%20DV29%20handbook.pdf
If you set it for bit+2 it will downmix DD/DTS and DVDA to 2 channel.
If you set it for bit+6 it will play whats on the disc. If you play cd's it will be 2ch. If you play dvd/dvda's it will play which ever format you select. no downmixing.
Hope this helps.
Mike