my understanding is that using any bass mgmt on SACD playback will convert the stream to PCM then apply some fancy DSP logic to re-channel your bass. Conversion bad, very very bad.
Try it, set all your speakers to "large" you'll be shocked how much better SACD sounds.. I was totally floored.. FYI, I've got a Denon DVD-2200, but I think this applies to most if not all SACD players, with maybe the exception of Sony's dedicated SACD models. Would be interesting to find out exactly what's going on. Never-the-less, it was a pretty dramamtic change when I made all speakers "large".
l8s,
mike