I'm 24 hours into finally figuring out how to stream my iphone/ipad/macbook to a Parasound D/AC-1100 (scored a few weeks ago for a negotiated $70 from a local record store that said "get it out of here") and so far I'm impressed with the improvement over using the standard analog output from those devices.
The solution came after I learned that the Airport Express has a mini TOSLINK output hidden inside what appears to be just a 3.5mm analog out, and that it outputs 16/44.1 audio natively (the Apple TV upsamples any audio input to 16/48, so that wasn't ideal + it only worked with the TV monitor powered on). Once I got the mini TOSLINK adapter from Best Buy and configured the Airport Express to "join a wireless network" (my existing one), it worked like a charm.
(Good 'ole Ken Rockwell's timeless website deserves the credit for walking me through the settings:
https://kenrockwell.com/apple/how-to-create-a-whole-house-music-system.htm)
My music sources are lossless FLAC files I'm gradually ripping from my own CD collection, streamed from VLC Player on the MacBook. The only issues are the occasional wireless interference that mangles the sound for a second, and usually only when i'm doing something else on the laptop. Switching everything to 5Ghz range seems to have almost eliminated that problem. Spotify set to extreme quality streams from the iphone/ipad (playback volume limiting off), and that also seems to sound much better now, but more listening and A/B comparisons are needed before I'll know if the difference is all in my head or truly noticeable.
Sitting in the sweet spot typing this right now, I'd say it's sounding pretty amazing.