Yes, the Atlona functions similarly to most of these units like the Octava and, in fact, the Atlona looks identical to the old CLUX 11SA. For me, the lack of multichannel digital output (except for lossy Toslink) is a problem.
BTW, that the Weiss DAC2 or other high quality DAC makes an improvement is great but not surprising. (Similar results with my Meridian processor.)
Kal