That’s what I thought, too! Everything seems to downmix to stereo though. As per the (dated) Wiki from 2018-05-29 System Audio always converts to Stereo https://github.com/CasparCG/help/wiki/Media%3A-Audio#audio-consumers. No matter what config I use, I seem to always get stereo.
<audio>
<channel-layouts>
<channel-layout name="smpte" type="5.1" num-channels="6" channel-order="FL FR FC LFE BL BR" />
<channel-layout name="8ch" type="8ch" num-channels="8" />
</channel-layouts>
</audio>
<channels>
<channel>
<video-mode>2160p2398</video-mode>
<channel-layout>smpte</channel-layout>
<consumers>
<system-audio>
<channel-layout>smpte</channel-layout>
</system-audio>
<decklink>
<device>1</device>
<buffer-depth>4</buffer-depth>
</decklink>
</consumers>
</channel>
</channels>