Here's the answer. It worked fine for me, both to an Apple TV and to an Airport Express.
https://kb.teamsupport.com/knowledgebase.aspx?organizationid=10256&ArticleID=234 1906&TicketType=Ticket
1) Open Audio MIDI Set Up and set AirPlay's source to your Base Station device:
2) Open iTunes, set Speaker output to 'Computer'.
3) Quit iTunes.
4) Launch Amarra. Amarra automatically launches iTunes.
In Amarra, choose File-> Audio Device Preferences... :
5) Move the Master Clock from its current location to AirPlay by clicking and dragging the clock icon:
6) Close Audio Device Preferences by clicking on the red dot.
Amarra is now set to play through your AirPort Base Station Device!
Important notes about AirPort Base Stations:
• Only CD quality, 44.1 kHz/16 bit audio will work with Amarra and AirPort. This is a limitation of the wireless connection format. Playing sample rates above 44.1 kHz will disable Amarra and pass audio through iTunes for downsampling.
• Use Apple's Remote app on your iPad or iPhone to control song/album selection via Home Sharing. We also recommend using a remote screen-sharing app like SplashTop for more complete control.
For best sound, we would recommend enabling Amarra's dither feature at 16 bit resolution
and reducing the volume control in Amarra to -.2dB.
That action ensures that you are passing only 16 bits through to your AirPort Base Station.