<Edits below>
I am using a Hauppage Colossus 2. Getting a new card is the nuclear option as they are becoming scarce. I think they are about to release a new product. (edit) The settings of the two capture applications say they accept multiple (more than 2) channel audio (don't know whether I trust it or not). I have the 5.1 audio going over the HDMI cable, but the audio doesn't work on the TV that I have to use to... "finagle" the HDCP... just screeches come out with the 5.1 audio coming in from the HDMI cable. That may be another symptom. I'll need to research the LPCM protocol and how it converts.
One other detail that I am omitting is that I am using the WinTV 8.0 to capture instead of the Capture software package (both are written for the card itself, but are admittedly buggy). The Capture app is great, accepts the optical input, etc. etc. I used it to do the Tennessee and Jax State games (Check those out and compare the audio to the most recent games). Since then, I have used the WinTV app because it cuts my processing time down. (I can schedule the recording on the computer instead of playing it from the DVR after I get home from the game). The WinTV app, I have never been able to get to work with the optical input even though it says it works. Both applications have a setting where they say they accept ac3 over HDMI, but I don't know how much I trust that. I have tested the audio in the past by loading the file into Audacity and splitting the channels and it is 6 discreet channels (of what quality, I can't validate).
One other thing I attempted last night: I added an additional step to compiling where I had Avidemux hard convert the audio from Dolby 5.1 to stereo on a recompile. I also bumped the audio up 5 dB. Here is the end result:
This is an older broadcast without any audio boost or pre-convert to stereo:
Here is the Tennessee game (Capture app):
Wake Forest (WinTV 8.0 app):
For comparison sake - 2015 FSU (when I think everything was working properly):