On a related note regarding video compression. I recently wanted to do a safety check and make sure my colour grade of my Rec. 709 project comprised of HLG BT 2020 clips, looked okay on Rec 709 displays. When I used the Apple TV Home Movies to view the project on my early LG Smart TV, the compression was terrible. Initially, I thought it was my color grade that was the problem, but it appears that it was Home Movies that was creating the gamma/contrast issues and compressing the video.
If you want to test out a SDR color grade on your TV, I found using Apple screen mirroring via Apple TV to be the best way to do a Rec 709 safety check. There were not contrast or gamma issues when I viewed the video this way.