I have only experience with a "4K" UHD (native Resolution 3840x2560) display on my M3 iMac.
It is depending on the refresh-rate and resolution if I can enable HDR at all when it's connected via DisplayPort 1.4 to a TB4 Dock and before with a USB-C cable, that claims to be "fully featured".
But somehow it worked only on Thunderbolt ports, directly or dock. Is DisplayPort is still integrated in Thunderbolt? standard USB-C 3.x Gen2 ports don't work at all they are either too slow with 10Gbit/s or don't include DisplayPort.
Maybe it's a real USB 4 cable with 20 Gbit/s.
In the beginning I used it with HDMI. It has even two connectors (2.0 and 2.1), but both didn't give me more than 60Hz. But HDR also worked there . Does HDMI even work with a higher refresh rate than 60Hz? The HDMI cable that came with one of my docks and is even labeled. Both other coonection methods can go up to 144Hz.
With connections I had no issue, when I enabled HDR. At least I thought that. I never used it for long.
But I don't know what banding means.
Maybe I have it too and don't recognize it. How can I find that out?