No TV based app, including Plex, can passthrough TrueHD audio due to LG restrictions. AFAIK, the same is true for any TV from any manufacturer, not just LG.
If you play a TrueHD audio track using the Plex LG app, it will be transcoded by Plex Media Server to another format such as AC3/EAC3/AAC. Any accompanying Atmos information is lost in the transcode process.
I donāt know of a good way to make Plex work w/o Internet, no matter which client is used. If my Internet goes out, which is rare, I just donāt use Plex.
This may answer your questions: [HowTo] Use Plex with No Internet
The one-time fee is not a Plex Pass. It just removes the 1 minute playback limit from the mobile apps.
A Plex Pass unlocks the Plex mobile app for the Plex Pass holderās account. The on-time purchase is not required.
It does not unlock the mobile apps for others with whom you share media. They must have their own Plex Pass or pay the one-time purchase ($5 USD).
Exception: Plex Home.
If the Plex Server admin (i.e. you), has a Plex Pass and you invite someone into your Plex Home, their mobile apps will also be unlocked.
Plex Home is meant for people you live with and trust. If you use it, youāll want to have a PIN on your account to prevent others in your Plex Home from switching to your account (and gaining admin rights). Read the documentation very carefully before using this capability.
Plex Free vs Paid
Plex Home
This is a display issue.
The Plex app on the Shield passes TrueHD Atmos & EAC3 Atmos if supported by the attached audio equipment. The front display on my Denon 4300 says āAtmosā when I play a movie/show with Atmos audio.
See this feature request someone recently opened. 
I use both the Shield and the TV remotes. The TV remote can control the Shield, but Iām not sure to what degree. Iāve never dug into the details. It would be nice to just use one, but using both isnāt a deal killer for me.
Iāve the 2015 Pro, which came with the quite horrible āsliderā remote. I replaced it long ago with a 3rd party remote that looks similar to the current Nvidia remote (no longer listed on Amazon or Iād link to it).
I use the Shield for two things: Plex and YouTube TV.
For both of those I use the 3rd party Shield remote. I press the power button on the remote and it powers on the Shield, receiver, and TV, and switches to the correct HDMIs port on the receiver & TV (via HDMI-CEC). It also controls the volume from the receiver. When Iām done I press the power button again and the Shield/receiver/TV turn off.
It is easy and reliable. Even my non-techie friends can use it.
I use the TV apps & remote for streaming from Netflix and Amazon.
The TV remote has dedicated buttons for Netflix & Amazon. I press either button and it powers on the TV & receiver, switches to the correct receiver HDMI port, and launches the app. When Iām done I press the power button on the TV remote and everything shuts off.
It is easy and it works.
I could get to one remote by using the Amazon & Netflix apps on the Shield. However, the way it works now is easy enough, so I havenāt bothered.
The Shield Pro has the Plex Android TV client. It also has a separate Plex Media Server application (Pro model only).
The Shield OS has a built in SMB client. You mount a NAS share on the Shield just like you mount one on a PC. When adding a library to the server, you navigate to find the desired folder just like with any other PMS installation.
Iāve never tested using the Shield Plex Server when the Internet fails. I do not know how it would (or wouldnāt) work. I suspect it would not be much different than with any other Plex server. The client and server still function like any other client and server.
Note: If the Shield is going to be on WiFi (vs wired Ethernet) and the media on a NAS, I suggest not using the Plex Server on the Shield. The SMB file sharing protocol between the Shield and the NAS is very āchattyā and has a lot of overhead. Also, it does not handle network disruptions well, which can easily happen on a wireless network. Nothing breaks, nothing is damaged. You just might see a lot of extra buffering, time-outs, etc.
Note 2: Iād still try running PMS on the Shield just to see how well it works. Nothing prevents you from running multiple Plex servers. No license restrictions, etc. One nice thing is that PMS on the Shield has hardware accelerated transcoding enabled even without a Plex Pass.