I am afraid the 7.1MP does not support any 4:2:2 10bit HEVC hardware acceleration. I usually transcode my Canon XF HEVC material before starting the edit.
nb. Redcode 8k editting is even smoother than a 4K 10bit HEVC material. Also, no problems are experienced with 8bit HEVC material.
I have just tested adding an additional GPU (2nd VegaIIduo); it takes over part of the Redcode processing during editing in fcpx (still, some frames a dropped during playback). However, in case of 10 bit HEVC material, only 1 GPU (one VegaII) is in action, and playback stutters.
See e.g. my test results: