This is called bass management. If you have your receiver decoding DD and DTS (i.e. have a coax or toslink digital connection between your player and receiver) then, yes, this will only apply to DVD-audio and SACD. Some players do this (bass management) better than others and you will probably see a lot of posts in the forum complaining about bass management, especially for SACD where it is rarely implemented to anyone's satisfaction.
An example of poor bass management is your player only giving you one crossover option at 120 hz. However, it probably isn't that big of a deal and you probably aren't missing much.
Sounds like you are happy with your player, so that is all that matters. If you have a test disc of some sort you could do a frequency sweep and see if you are missing out on some frequencies by only having the one crossover option.
Enjoy!!