Sorry if this is a dumb response, but it does play in VLC media player, I have not tried other video players. I can only assume you want true mkv, as it could also be changed and saved as a mp4.
I will say, that it sucks you used 85 downloads before you found out.
I personally never really liked how Netflix worked overall in Streamfab. The craziness of HIGH and MAIN profiles etc. And the having to change audio to AAC to get English audio for certain titles.
Stan001
Yes because most players check the headers to know how to handle files and not the extension. I want a true MKV and i dislike timed text. Have had issues with them.
As for the 85 tokens, i have several scripts already written to deal with video files. One of them converts all MP4 with external srt to MKV with embedded srt and it can also handle MP4 with Timed Text:

Netflix used to work great but i didn't like the moving of the audio selection to the Settings. I want to be able to pick any audio based on what content i am downloading. Why would i need 5.1 Atmos for a dating reality show? I also was to be able to mix Atmos with AAC or regular EAC3 5.1 with AAC 2.0
Hopefully when they finally implement the new pop-up download modal, it will fix most of my gripes of having to constantly change the settings.