Brian,
the HD-P2 is my only recorder. I'm not sure how I would do a test to see if it really sync's up to a S/PDIF data stream without a second recorder to verify that there is no drift between two sources.
that said, in the project menu on the HD-P2, there is a selection for input: analog / digital. then, there is a seperate selection for clock source, either internal, word clock, or S/PDIF. based on that, I'd say it's easy to select the analog inputs, but get the clock from an incoming S/PDIF data stream, and not use the internal clock on the HD-P2.
like I said, I haven't verified this, and I'm unsure how I would verify it without a second recorder to use. if there is a way to verify and run a quick test, let me know and I'll be happy to try it out for you.
- Jason