I still use K-Lite since they ship MPC-HC (a fork of Media Player Classic) that comes with really good HDR support and default configuration out of the box. If you don't like to have the desktop in HDR you can even configure it to automatically toggle on/off HDR whenever an HDR movies is played.
The HDR support in VLC has been really lackluster. Maybe it is better nowadays, I don't know.
The HDR support in VLC has been really lackluster. Maybe it is better nowadays, I don't know.