for Netflix encoding, i found this - Dolby Vision
Set of technologies by Dolby Laboratories
According to the search results, Netflix uses Dolby Vision to encode their HDR content. Dolby Vision is a set of technologies by Dolby Laboratories that helps maintain creative intent from the image seen in the color grading suite all the way to the consumer devices being used to watch Netflix.
october262
I'm not sure that quote tells me anything, but it doesn't apply to downloads, which for HEVC they offer in DV (with HDR10 compatibility) and plain HDR10 - or at least SF allows me to download those streams.
This is 100% an issue with Netflix and their HEVC content
when played on the 1st generation Apple TV 4K. That device just can't handle profile L4@Main. I did some testing and another app - Infuse - that I suspect connects to my Plex server via DLNA and it also has the same problem playing both the HDR10 and DV versions of the same movies downloaded from NF.
I just need to upgrade to the newest version of the Apple TV device and hope it supports that profile. Or I can just watch NF HDR content using any number of other TVs in the house where things "just work".