For my multi-channel recordings, I prefer digital...
well; there are digitally sourced multi-channel, and analog sourced multi-channel.....which are different cases mostly. but I have to say that in my personal experience the best vinyl is preferable to multi-channel so far in my experience.
14 years ago I built a custom room designed specifically to properly accommodate 5.1 SACD discrete multi-channel. it was wide enough to allow for 115 degree rear channels, had conduit for cables and outlets for the rear amps. and shortly after I moved into that room I did equip it with all the proper multi-channel gear including EMM Labs dac 6 and EMM Labs 8 channel analog Switchman preamp. I owned 400+ SACD multi-channel discs. and for 18 months I played these multi-channel recordings in this ideal room.
but......honestly.......I played them, but not nearly as much as I expected to. because; my vinyl, which was very good, out 'multi-channeled' multi-channel in this room. and it was not close. maybe some of it was just analog recordings? maybe some of it was that my Rockport Sirius III turntable was so good? I don't really know. but whatever those multi-channel SACD's might do, the vinyl did it better. everything.
so I sold off all the multi-channel stuff, and bought a couple of RTR 'analog' tape decks, which did 2 channel even better than the Rockport.
fast forward 12 years to today, and I'm still all 2 channel....except....in my separate home theater in my house (my 2 channel is in my barn). in this Home Theater I have a 10 foot wide 2:35-1 screen with a 4k projector, but for sound I have 7.1.4 (currently with an Anthem AVM-60 processor). which is 7 surround channels and 4 ceiling 'Atmos' channels + 1 subwoofer channel (with 2 subs). and I'm thinking of getting a Trinnov Altitude 16 and doing 9.1.6.
https://www.dolby.com/us/en/guide/speaker-setup-guides/9.1.6-overhead-speaker-setup-guide.html
I think that this newer 'object' approach to surround might actually give my 2 channel a run for it's money if I assign sufficient assets to optimizing it. right now it's not anywhere close, but my mind is open. yet I won't be surprised if it still cannot quite get the reality to what 'tip-top' analog 2 channel can provide.
2 analog channels done absolutely right can rock my world.
remember; all the channels in the world still can't deliver any more than the artist or recording engineer can provide. and my favorite music happens to be mostly already recorded as god intended it to be.......2 channel analog.
just my 2 cents, YMMV, and all that stuff.