I found that the hardware SRC was inferior to alsa's linear SRC which was inferior to mplayer's default SRC which was inferior to mplayer's resample fitler which was inferior to mplayer's lavcresample filter, which was still inferior to using an old Hollywood+ dvd decoder card purely for it's dolby certified SPDIF port.  ...
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ID Status▲ Resolution Sev Product Comp Assignee▲ Reporter Summary
2987 CLOS DUPL blo Sisyphus kernel-f rider mike emu10k1 in recent kernels is broken
3028 CLOS DUPL maj Sisyphus kernel-f vsu mike emu10k* OSS modules broken in 2.4.21+?

File a new bug in the "kernel-fix-drivers-media" component of the "Sisyphus" product