Yes you can.
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The coaxial Digital Output (SPDIF) of the Sony SCD-XA5400ES will only output the CD layer of the SACD being reproduced, not the hi rez of SACD. You won´t get any digital out when playing the SACD layer. Another thing is the HDMI output, but that´s another story (I would like to try HDMI output to Atlona HD577 which strips the hi rez; in this case, the Sony would need to send PCM thru HDMI).