Hi Xavier,
Is the input for this stream going to be VOD (on-demand) or is this a live feed coming in via our pass-through Live event type?
Also, it would be good to start from your expectation in the HLS or DASH manifest. Are you trying to create multiple renditions of the same asset, with the ability to select different bitrates, or is your goal to try to do some form of Adaptive audio switching from 128kbps down to 64kbps?
Because those two would be shown slightly differently in the manifests. Also, one thing to keep in mind is that not many players out there support adaptive audio switching. They just are not tuned to do it very well.