Restored from my iP6S+ backup which is a device that did not support HEIF/HEVC.
Under storage, my overall used space went down, but specifically (to eliminate caches/temp files from the equation), the amount saved if I moved my photos (videos) to iCloud went down ~9GB.
So it looks like the photos repository shrank, and the restore process applied the new HE|IF/VC compression to existing content.
Under storage, my overall used space went down, but specifically (to eliminate caches/temp files from the equation), the amount saved if I moved my photos (videos) to iCloud went down ~9GB.
So it looks like the photos repository shrank, and the restore process applied the new HE|IF/VC compression to existing content.