07-28-09: Drewmb1Not true unless the player lacks the ability to decode these formats. IIRC, this player can do both with a firmware update. The only other exception is if the user enables "secondary audio."
PCM will remove DTS-HD Master Audio and Dolby TrueHD and revert to the older DTS and or Dolby Digital formats.
In any case, to get back to the OP's original question: There is no general preference, imho, as they are all lossless full-bandwidth channels. The mastering may be somewhat different in some cases leading to a specific preference but that is not generalizable.
Kal