Would optical connection reduce clipping?

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I get a lot of "clipping" when playing my MP3s. Its not audible but my clip indicator light comes on all the time. My connection is stero miniplug of my soundcard to left-right RCA on my receiver. I am thinking about getting a Digital I/O expansion card for my soundcard that has optical out. Would using optical connections reduce or eliminate the clipping or distortion I am getting?
 
I had the same problem on my computer. If you are using Winamp to play your MP3 files, you can adjust the preamp output level in the equalizer pane (right-click on Winamp and select Equalizer).

Of course, you have to use the line output of your sound card.
 
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