To answer your main question,yes.I'm not familiar with your Denon,but on my Marantz,when playing 5.1 discs, I have to switch from multi channel to 2 channel because my system is stereo only.The player has rca outs for front,center,rear,and sub.I just use the front outs to connect to my system.A click of the button and it's in stereo mode.