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HDR/ACES Performance impact/benefits

Hey guys,
so I’ve stumbled upon the HDR settings when I was thinking about improving visuals in VR.
Does anyone have experience with this?

The Quest and other VR Goggles do have OLED displays, would visuals improve with HDR or ACES, could the biggger colorspace impact performance? Is activating this common practice? Do I have to deactivate it for LCD displays to save performance?