I don't tend to use any google software while using it (unless you include Android on the phone), so it is not fussy what drives it IME.
The audio quality is pretty decent IME - probably slightly better on the "Audio" than the normal HDMI one feeding a HDMI to A adaptor.
There are ways of integrating those into plex as well IIUC.
Yup the server requirements are not that onerous unless you want to do real time video transcoding on it.
Let us know what solution you go for, might be worth doing a wiki page on that...