1. Just make sure you get a decent quality PSU. It doesn't have to be Gold rated and super high efficiency, just make sure it's a trusted brand of good build quality. My rule of thumb is I like the ones I buy to have good performance rating at jonnyGURU.
2. Same goes with the Z370 MBs. Z370 is a brand new chipset, so make sure the board you buy has all the kinks worked out before buying. I'm partial to ASUS for instance, but their Prime Z370-A I was considering was having voltage instability problems with the memory circuitry, which affected OCing. It's recently been sorted out with a BIOS update though. The Z370 wil support the new Intel Coffee Lake CPUs, which are high priced right now due to high demand, short supply, but hopefully will stabilize in a few months. Like any other modern MB though, the Z370 variants will support any GPU, since it has Pci-Ex 3.0, the latest Pci-ex standard.
3. DTS is the other main audio codec used that competes with Dolby Digital. There's a version of it called DTS Connect that a lot of Realtek onboard audio chips use now. It means it can encode any stereo game audio to 5.1 DTS. AVR just means home theater receiver. I have a Yamaha RX-V371 myself I paid a little over $200 for, but this time of year you can get adequate AVRs for under $200.
And yes, an AVR and DTS will give you superior sound to just plugging speakers into your PC. Also keep in mind, most speaker sets made for PC by Logitech and others have amplifiers built into them, which need to be both adequate in power and cooled well enough with proper heatsinks, especailly since their amps are usually in the subwoofer, which lacks good ventilation.
I had a Creative labs 5.1 speaker set made for PC that came with fairly good small front, rear, and center channel speakers with 2.5" mids and .75" tweeters, and a decent 8" sub. The wattage of the amp was also pretty good at 70 watts per each small speaker and 210 watts to the sub, plus the sub had a huge external heatsink. The small speakers even had titanium tweeters. The set ran $317, but honestly, it pales in comparison to my AVR and Jamo speakers. I paid $230 for my AVR, and $250 for my full Jamo 5.1 set, but had I waited a mere week, I could have got the AVR for $160.
At the time of getting my Creative set, the Logitech Z-5500 was the next best thing in wattage, but costed more, and only had a small full range speaker in each front, rear, center, no tweeter. It did decode DTS though, which is kinda nice.
https://www.amazon.com/Logitech-THX-Certified-Digital-Surround-Speaker/dp/B0002WPSBC/ref=sr_1_9?ie=UTF8&qid=1511480640&sr=8-9&keywords=logitech+5.1+speakers
^If you ask me, I'd rather have an AVR with true home theater 5.1 speaker set with floor standing front speakers at potentially the same price if you shop for good sales.