Laserdisc Dynamics vs Blu Ray

I've done a lot of research lately on the merits of Laserdisc. A number of people have suggested that a Dolby PCM Surround track sounds much better then DVD and even in some respects better then Blu Ray.

I understand the DVD vs Laserdisc comparison because of the resolution and lack of compression found on Laserdisc in Dolby PCM and even DTS. What I've found interesting is that Laserdisc used Theatrical Audio Cuts while DVD and Blu Ray use watered down Studio mixes for the home. The theory being that many users will use cheaper speakers and television's as their primary audio sources. A Theatrical Audio cut offers dynamics most systems couldn't endure, therefore the mix down.

Can anybody share experiences? Has anybody compared a Lossless Blu Ray presentation vs an older Laserdisc Dolby Surround cut on a decent setup?