Nice. I agree. I have a similar setup. I had a Denon AVC X3700H with two Audessey setups, one for multichannel (MC) and one for stereo. Then, I recently added a dedicated stereo amp (Yamaha A-S2200) where I connected both the turntable (Project 6 SB Perspex), as it has a very capable phono preamp, and the BR/SACD player (Pioneer UDP-LX500) by analogue RCA (so I use internal DAC of Pioneer for stereo CD/SACD).
For MC I connected the Denon by preout to the Yamaha and this works as MC DAC for the Pioneer (connected by two HDMIs, one for audio+video -i.e. films- and the other exclusively for audio, i.e. multichannel BR-A and SACDs).
The Yamaha feeds a pair of Monitor Audio Silver 6 as front speakers. The Denon, a Monitor Audio Silver Center, a Klipsch SPL100 SW and a pair of KEF-C30 as surround speakers).
The result is perfect for listening to stereo (just using the Yamaha), as the A-S2200 is far away a better amplifier) or MC (using the Denon as AVR and the Yamaha just as power amplifier for front speakers). Moreover, you can use Audissey for calibration for MC including the stereo amp (and you can set and save different setups for MC music or films, for instance).
Moreover, using a 12V trigger cable, when I turn on the AVR, the Yamaha automatically turns on and changes to the "Main in" input and, then I switch off the AVR, it turns off, but.... if after a film I want to play an LP and I change the input to phono, then I can swith off the AVR and the Yamaha is still on. Extremely useful...
I think ths is the most useful setup for enjoying the best of both world (HIFI and Home Theater) with only a set of -good- speakers. The drawback? You'll have to spend more money in the amplification part...about 3.500-4.000 € but, in fact is the cost of a good AVR (Anthem, NAD...).
Other advantage, AVRs tend to have a shorter life (new digital formats, 4K/8K, DSPs or audio systems as DD, DTS, ATMOS, etc.) so, if you buy a particularly good AVR for music (3.000-5.000 $), in some years (4-5) it will be obsolete.
Thus, IMHO, invest your main budget (2/3-3/4) in a very good analogue amplifier, that will last decades, and less money in the AVR, that you'll be able to change every 4-5 years...