Hi: thanks for reporting this. There’s definitely something wonky going on here for this function and we’ll make a fix for this. Keep in mind though that Verse colours are in the ACES 2065-1 colourspace, so the expected values should actually be 216, 0.47, 1.66 (HSV), going from a ACES-2065-1 → linear sRGB → HSV conversion.
You are correct that It is lossy due to the floating-point math involved for the colourspace transformations. The documentation is wrong in what the expected values could be; it’s assuming only the gamut of sRGB colours that can be interpreted as ACES 2065-1.