Component and Stereo Cable to TV --> TV to Home Theater (Sound Quality) v/s HDMI to TV --> TV to...

Hello all the experts and gurus,

Here is my setup looks liks:

1. Satellite Receiver (Bell)
2. Sony TV XBR9
3. Bose Cinemate SR1 Home Theater

Currently i have HDMI connected from Bell to my TV and Optical cable from TV to my Bose Cinemate SR1 Home Theater (everything works like a charm, no problem)

Problem
Problem is there are certain channels with Bell satellite that cannot be run with HDMI (HDCP error) and the solution is Component Cable

What i did
Now in order to solve this problem, i ran a component cable and stereo cable (so total of 5 cables) from Bell receiver to TV --> and my optical TV is already connected with Bose Cinemate SR1.

Question
I can hear the sound + bass everything is all set but one thing i don't know if the sound i am hearing is what it should have been with HDMI or is that compromised sound because of Stereo cables. I am really curious as i don't have any clue if the sound would be same/different.

One thing to add, Bose Cinemate SR1 is not a 5.1 setup where we have 5 speakers, it is just 1 bar.

I will be looking forward to hear from you.

Thanks and Regards,
Sam

Thanks Techphil, really so you think the initial setup i had with HDMI to TV and TV to Home Theater will not give me 5.1.
I thought HDMI will carry all signals from the satellite box to TV then optical cable will carry those signals from TV to Home theater (apologies if i am thinking in wrong direction).

@Also, to add what bose is promoting with thr CineMate SR1 is you connect everything with TV and thn run one optical cable from TV to Home Theater. If it was not 5.1 then won't be doing it (sorry i may be heading in wrong direction, i will check with bose support too).

But i am really confused, your analogy is right but all those years i was under impression that HDMI will transfer true 5.1
Please help!

Also to add, i can run Optical cable from Bell Satellite to Bose Home theater but thn my PS3 will not work and i have to flip/flop all the time Another headache

Ok please help me understand, you guys have got me confused now.
My digital optical cable looks same as Toslink (Sorry if i sound s*)

Are you really sure digital optical cable will only transmit is 2.1? (I don't agree with commsysman, please send me any link or something)
Reason being: In my last home theater setup i ran Optical (same cable i m using with Bose) from my Sony Home Theater to TV and i could hear true 5.1.

@Also my experience on CineMate SR1 has been great, sound quality is unbelievable. Not promoting BOSE but its slick and sound is crisp and way better than my previous owned home theaters.

One more question: Shall i order this optical cable: http://www.ebay.com/itm/6ft-Premium-Toslink-Digital-Optical-Audio-Cable-S-PDIF-/270905578403?pt=US_Audio_Cables_Adapters&hash=item3f133b13a3#ht_2659wt_1037 or i am good with my current one?

Thanks,
Sam

Thank you so much Chris! Appreciated.