Don't expect help on here if you don't search for a few years first since the answers are already on here...somewhere that is.
The two channel playback is the default handling (I think it will output individual channels on a PC sound card with such outputs?), but to pass it through untouched you need to create an "advancedsettings.xml" text file with the following code in it and put it in this directory on the Apple TV 1 unit (using ssh to get there and something like scp to move the file over from your main computer). If you don't know how to use those, look them up. The directory is: "/Users/frontrow/Library/Application Support/XBMC/userdata"
The content for advancedsettings.xml is:
<advancedsettings>
<!-- Use this to get proper digital output of DTS in WAV files -->
<audio>
<dvdplayerignoredtsinwav>true</dvdplayerignoredtsinwav>
</audio>
</advancedsettings>
Alternatively, you could pack the dts music files into an ALAC (Apple Lossless) container with iTunes from the wav files (if they're labeled '.dts', change it to .wav first; import into iTunes and convert to Apple Lossless) which XBMC will passthrough automatically (Apparently XBMC cannot detect DTS within ALAC so it just passes it through unscathed?) However, here you will need to use DVDplayer as the default player for audio since PAPlayer will pass static instead. For a single file, you can just hold the menu key above the music track to be played and use the "play with..." option, but it will not keep using that on the next track. To make it permanently use DVDPlayer as the default instead of PAplayer you need to put this inside the advancedsettings.xml file in that same user directory right underneath the <dvdplayerignoredtsinwav> line:
<defaultplayer>DVDPlayer</defaultplayer>
THEATER: 11.1.10 Atmos, Epson 3100 3D Projector, DaLite 92" screen, Mixed Dialog Lift - PSB Speakers; Sources: PS4, LG UP875 UHD, Nvidia Shield (KODI), ATV4K, Zidoo X9S (ZDMC), LD, GameCube