I don't know what the deal is with Carol Adleman's soil, but it is amazingly light and workable. She makes regular local TV appearances on a garden show due to her business. When you watch her dig, you come to understand what perfect planting conditions look like. (
https://youtu.be/3cgmDWpw3LQ)
Anyhow, on episodes where she is planting peonies, you get to see how peony roots look under what have to be optimal soil conditions. Most of the roots clearly grow outwards - not downwards - and they probably exceed the dripline by a little bit. The roots radiate outwards fairly evenly and are probably 4 or 5 inches lower than the crown of the peony at their deepest with most being much shallower.
It seems reasonable to think that a peony sending out roots towards a nearby rock is expending energy without much reward. I doubt that it can double-down by growing more roots towards the open angles, so yeah, I would think that a couple of big rocks could seriously hinder a plants ability to get nutrients and water both, with very near rocks taking up far more of the arc of growth.
One thing that Carol mentions in the linked video is that too much nitrogen in your fertilizer may reduce the number of blooms.
Here is a link to the show that sometimes features Mrs. Adelman as a guest:
http://www.gardentime.tv/video...