Modern speech systems increasingly use discretized self-supervised speech representations for compression and integration with token-based models, yet their impact on emotional information remains unclear. We study how residual vector quantization (RVQ) reshapes emotional information in discrete speech representations from both representation- and task-level perspectives. Our analysis shows that aggressive compression disproportionately degrades emotion, with uneven loss across emotion classes and model architectures. To address this, we introduce emotion-aware quantization using emotion-specific and emotion-biased codebooks, improving the preservation of both hard and soft emotion perception. We further propose Emo-Q, a lightweight routed quantization method that selects emotion-specialized codebooks, improving emotion recognition performance at lower bitrates. These results highlight the importance of emotion-aware discretization for robust affective speech processing.