Same receiver
I haven't run everything through the receiver as you have (probably will soon though just to make my remote have less steps), but I have optical audio going to the receiver and the video going to the set.
My PQ improved with HDMI from the cable and my sound is just fine.
You may need to sound meter your speakers, make sure all your input sources are set up right (you can find plenty of articles here), and provided you are not having the receiver (or the other components for that matter) up sample your video, it shouldn't affect the quality.
The receiver is more a pass through for video (unless you are asking it to upsample) and can affect sound but you need to set everything up the way you want it to handle the sound.