Not that I can really recommend the Samsung-- its UI is surprisingly, brutally slow.
Previously I did have a receiver, and no Nvidia Shield device. The TV has Android TV built in to it, so I still relied on ARC most of the time. The TV's built in functionality got too buggy (borked video, audio dropouts during loud scenes) and slow to use day to day, so I added the Shield. My receiver didn't support 4k, though, so I plugged straight into the TV and used ARC still. I since replaced the receiver and all the mid-size speakers with a 5.1 wireless soundbar to free up shelf space in that room. Since I know you're curious, the receiver got paired with a 1080p plasma TV in a guest house where it can retire with dignity, and the speakers got moved to a bedroom, connected to a pre-HDMI receiver and a cheap Bluetooth dongle.
I want ARC/CEC to work as I want a single remote. You loose that when using optical.
My setup currently has an audio drop out every few minutes. It seems to happen over both ARC and optical, though, so it's presumably just the Nvidia Shield being buggy. The UI bugs out too lately. I've had various forms of audio drop outs on that TV since at least 2020. It could be the TV corrupting the passthrough I guess. I'm not going to buy a whole new TV just to test that hypothesis.
Cheers!
It's all the other stuff that's supposed to seamlessly integrate your components. Audio Return Channel so sound makes it to the speakers regardless of where a source is plugged in, Consumer Electronics Control so you can use one Bluetooth remote for everything, automatic power synchronization, etc.
Even 4k is a little weird, with different HDMI versions supporting different frame rates. I have a Yamaha receiver from 2014 or so that doesn't support 4k, but claims to "support" it; all you have to do is turn off the receiver and it will pass the signal through!
I've given up on ARC completely in my setup. The Nvidia Shield remote can control sound bar volume via IR. I just successfully watched a full movie without any drop outs. Also, I may be imagining it, but the Shield feels more responsive. It seems like it must be the TV's fault. Don't buy a Sony I guess.