Just tried this.. Direct, Stereo and Pure Direct on my 4311. Feeding the tunes with my OPPO-95 via HDMI, it's interesting , Stereo is closed-in, lacking in openness and detail or clairty. Direct is really close to Pure Direct in volume and clarity with a spacious feeling which seemed to present a wider soundstage. Using my handy calibrated Radio Shack meter there was only a 1.5db difference in Direct vs Pure Direct. Stereo well, the levels were about 1db difference as compared to either Direct or Pure Direct but as I noted with all the dynamics added by the AVR the stereo mode sounded closed in.