Ok, will it be HDR10 or do you lose all hdr data?
It's not going to be HDR10 its going to be a flat looking HEVC file in rec2020 color space.
God knows what Apple will do here but their intention is clear, DolbyVision available only through device streaming not for distribution. Forget about uploading HDR video on YouTube unless they make a workaround to transcode into HLG on fly.