Do I Have This All Set Up Right: Panasonic '10A to Onkyo '605...?

[ClinicaTerra LTD]

My Panasonic DMP-BD10A is going HDMI OUT for audio AND video transfer (no other connections out of the player) to an Onkyo TX-SR605's HDMI IN (1)...from there, a second HDMI cable is going from the '605's HDMI OUT to a Sony KDS-50A2020's HDMI IN (Video 6)...that's it...no other interconnections are being made (except for the speaker cables from the receiver to my speakers...)

First of all, is this set up correctly for passing audio (lossy legacy Dolby Digital/DTS and decoded multichannel TrueHD PCM/uncompressed PCM from Blu-rays) AND video (1080p content from Blu-rays and upconverted 1080p DVD video) over one HDMI cable? Everything seems to be working okay -- I have the '10A set to "AUTO" HDMI resolution which selects 1080p for my display (confirmed when I press the Sony remote's DISPLAY button and see "1080p" indicated in the upper right hand corner as the incoming resolution) and I have Dolby Digital, DTS and DTS-HD set to BITSTREAM output and PCM for Dolby TrueHD output -- but I just want to make sure this isn't somehow "robbing" or "clipping" resolution from the HD discs because I'm running the signal through a receiver...

In the '605 I have the "HDMI Monitor" set to "Yes" in the setup menu, and all my HDMI assignments are correct -- I have assigned the "DVD" input to HDMI 1 where the Blu-ray player is connected, but should "Monitor" definitely be set to "Yes"? Is this setting just for getting the onscreen menu to display on a TV over HDMI, or is it also to tell the receiver to pass through video on its HDMI out port?

If anyone could lend some insight into whether or not I'm connected properly, I would appreciate it; thanks in advance!