I just recently switched to Infuse 8 after buying a couple Apple TV boxes. The network sharing + iCloud timestamp syncing between my phone/macbook/multiple TVs is the best thing ever. My macbook is basically a media server for every device in my house. No need for annoying plex servers.
It's a player of the ffmpeg lineage; a GUI frontend for mpv. If you use mpv or some frontend (e.g., SMPlayer, Celluloid, or Haruna) on other platforms, IINA is a natural choice on macOS.
It's free software, it's keyboard friendly, it supports more of less every format, and it blends into the OS's native desktop environment. I don't have an eye for design, but it seems good to me. If there's a better choice for local multimedia playback on macOS, I don't know what that is.
(It seems the only other real contender on the backend is VLC, which is likewise excellent software.)
I don't know. I have a medical light sensitivity problem that makes most HDR content physically painful for me unless I manipulate picture settings to reduce peak brightness, backlight, and/or contrast in various ways. Between my light sensitivity and my progressive colorblindness, I don't get as much out of HDR as most people do, so I just turn it off where possible.
Maybe some day when I have more external displays with OLED or something else that can do millions-to-one contrast ratios, I'll play around with HDR and see if I can find a way to reliably make it comfortable, but for now I don't own any-- it's just the built-in displays of my mobile devices, and I spend as much time as possible on much larger screens because I also have visual acuity problems.
Another vote for Infuse. In my experience Infuse 8 handles HDR and color management correctly (1:1 with Safari or QuickTime), while IINA does not (too dark).
Infuse is good, but it does not feel so well-polished for the desktop, for example, some windows for pop-up could have been a real window, but were a pop-up that blocks the main player.
I just recently switched to Infuse 8 after buying a couple Apple TV boxes. The network sharing + iCloud timestamp syncing between my phone/macbook/multiple TVs is the best thing ever. My macbook is basically a media server for every device in my house. No need for annoying plex servers.