What are you feeding the PCM output into?
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I still don't understand your question, PCM vs Analog: One would assume, as PCM is a format of a digital signal (e.g., DVD players setup menu gives you the option of PCM or Bitstream Digital out) that you are comparing the digital out vs analog out on your Toshiba DVD player... "PCM was a little smoother than the analog output." If you have the 9200 only connected with your stereo via analog interconnects, the setting you are referring to may have to do with decoding internally of DVDs???? or just the digtal out, and might not affect analog output at all...