I remember using the Denon mode on my 3805 a few years ago, you could also add effects to it like hall, church or stadium etc. It was more like a gadget.
If it is the best possible 'pseudo' surround created from 2 channel material that you want, Neo and PLII etc. is the way to go. Basically those surround modes will try to get voices over the center, the main music/soundtrack over the fronts, and effects and surround over the sides/rears, to create some sort of surround bubble. The Denon option has nothing to do with surround.
You have to remember that the Denon is built for quantity, the more options the better, where the Arcam is built for quality, less is more