Maybe, but then you'll have to stick to one stereo output, instead of 4 mono outputs. The possibilties of the panning and volume matching of the LXR are quite limited and not comparable to an analogue/digital mixing console. So i am not sure if this is a viable idea.
Why not sparing the money for a small mixer ? You could connect more outboard gear and still stick to your stereo input even do an A/D and then go into your SPDIF input.
But Frank, this is more what i like...So back to topic, i usually end up using 6-8 mono inputs for drum outboard gear directly into my interface/ADA. Even with SPDIF you'll end up with 7 drum voices on a stereo/dual-mono input which makes it really tough to perform some kind of decent mixing, even for a pro. At least if you want to have some stereo imaging and spatial resolution anyhow... On the technical side you need to hijack the digital signal somewhere near the DACs and demux it somehow, as i guess the mainboard has some kind of multistream digital i/o. But this question would be better answered by Julian, as he designed it.
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so you would need an I2S capable sp/dif transmitter.
something like this
http://www.wolfsonmicro.com/products/spdif_transceivers/WM8805/
this was just a random google result for such a part.
and you would have to sacrifice an analog out for the SP/DIF