Like I said above, I can't reproduce that at all. I have a HDfury Arcana, which doesn't add a OSD ontop of the video, but rather has its own tiny screen with the metadata, and it reports accurate values in all scenarios (although I have to manually refresh the data display using its button, which brings me the next part). Are you certain it refreshes properly in all scenarios? One thing that happens is that there is several mode changes in quick succession here - even more if you use refresh rate changing. First it sets the refresh rate, then it enables HDR, and then it sends the metadata. There is no method in Windows to set all the changes in one go, you can only set them step by step.
Ultimately, all we do is give the data to Windows. It is responsible for sending it out.
The more important question - if you play a high nits video, can you actually observe the TV still acting undesireable?
Any HD Fury will report this correctly (I have almost all of them including the Arcana as I'm a beta tester for HD Fury), whether on the actual device as on the Arcana or on the device OSD as in my screenshots. I'll double check that the VRROOM itself displays the correct info, in case it's a bug in the VRROOM, but I doubt it as SamuriHL experiences the same issue as I do. I'm 100% certain that it refreshes properly, I refresh it every time manually.
It might be caused by the refresh rate change. I use the JRiver refresh rate change due to some issues with the madVR one that we've already discussed.
Please could you use custom refresh rate to display 23.976 at 119 and 24.00 at 120 and test again? I'm quite sure that this happens also when switching to the native refresh rate, but I haven't checked that. I'll check along with the VRROOM metadata info and I'll confirm.
It's hard to say if this can cause issues on the content, as it all depends on what the display does when a title gives it empty HDR metadata. Depending on the actual metadata and the actual content, I can imagine situations where this would be worse. For example, if you have content with maxCLL up to 10,000nits (Mad Max Fury Road or S&M Demo material) but send empty metadata, the display my tonemap whatever it gets as if it was 4,000nits, which could darken the picture if JRVR has already tonemapped it to 1,000nits. I haven't done tests because I only managed to get HDR to HDR to work properly yesterday evening and I wanted to report these issues ASAP. Hopefully others will confirm they experience the same issue. AFAIK SamuriHL also has a VRROOM, so I'll double check that first. If the VRROOM reports the wrong info in the OSD (Which I believe I'd have noticed earlier unless it's very specific to this situation), I'll hook up the Arcana to confirm if I get the same results as you do or not.
Of course if it's a VRROOM bug then there is no impact on the content
I'm on windows 11 Pro x64, latest build, with the nVidia drivers I mentioned in post#1, in case that's another possible difference. I noticed the absence of HDR metadata when using JRVR HDR passthrough with all the drivers I've used, whether using HDR to HDR tonemapping or not.