Unless you watch it on a smart TV. It's a shame you can't get the features of a modern TV without content tracking.
FWIW, I have an extremely good system and I've always thought that streamed audio sounds great. I honestly wonder if I've been missing out on the next tier!
It's super obvious side by side, at least on my setup. Streaming is more-or-less DVD quality at best in my experience.
The actual bitrate after decoding for a 24-bit 2-channel song with a 96kHz sample rate is 4.39mbps. With 5 channels, that's 10.975mbps (higher than a DVD for both picture and sound combined).
BluRay is still a great purchase at times. I like the 24p film editions for classic movies, and in general, get best quality over most streams.
And no connection hassles.