Roon, Airplay, iPhone and HomePod issues

AAC is lossy and has a nominal bit depth determined by the decoder. Either way, a lossy format and classed as low quality. Hopefully, this post will help your understanding.

Anything lossless over 44.1kHz 16bit is converted to meet the Airplay 1 limitation. Regardless, as explained before, and specifically in the post linked by @RBM, Roon considers Airplay high-quality since it is not possible to confirm that Airplay devices are indeed bit-perfect.