Hi @romanserazhievEven with 11.1 update my Mac Mini doesn't show 120Hz option with 4K even though the same cable and same monitor allows me to have this option on MacBook Pro 16.
You seem to be the only one to mention getting 4K@120Hz working successfully on a Mac. I can't even get YCbCr444 to work at 60Hz on my MacBook Pro 16. Could you have a look at this thread I created with more details? Thank you for any suggestions! Much appreciated.