You will find a ton of opinion on this as there are a ton of variables.
Not all components will have every available connection option. Some components will have weaker or better connections. Just not a consistent arena. It is a good idea to check with the manufacturer.
Coax is usually better than optical for good audio. Basic Toslink will not move hi def streams well. Toslink is mainly free from interference noise that can be an issue with Coax. Toslink can have jitter issues. Coax much less so. If your system is susceptible to noise/interference then it is good to know what is causing it. Bigger and better cables help here for sure.
Not all components will have every available connection option. Some components will have weaker or better connections. Just not a consistent arena. It is a good idea to check with the manufacturer.
Coax is usually better than optical for good audio. Basic Toslink will not move hi def streams well. Toslink is mainly free from interference noise that can be an issue with Coax. Toslink can have jitter issues. Coax much less so. If your system is susceptible to noise/interference then it is good to know what is causing it. Bigger and better cables help here for sure.