Errr... On the Mac Pro 2013 the HDMI connector was shared on one of the Thunderbolt Bus (TB controller). I suspect that is still true. Actually yes.
" ... If you connect a display to the HDMI port on your MPX module, the Thunderbolt 3 ports on Bus 0 can support one additional display at 4K or lower resolution. ..."
https://support.apple.com/en-us/HT210316
So presuming 6 DP streams max on Vega. In that case it would be the TB bus that is closest to the HDMI connector. [
the Radeon Pro WX9100 has a 6 min Displayport chips. It is Vega10 chip implementation but AMD didn't add anything there with Vega20 since it was mainly targeted for high compute products. I can't find evidence that Vega supports seven streams. ).
The Vega II solo has 2 DP ports going to each TB controller ( otherwise couldn't host a 6K on one of the part) and has two DP ports to the base TBv3 ports on the Mac pro ( one to each respective TB controller ... so they can't host the 5k-6k screens. ). That would leave zero leave for the HDMI port. (just like the Mac Pro 2013. ). So they 'steal' one from a TB controller for the HDMI port ( there is a DisplayPort switch upstream of the TB controller input and flip off the TB feed when the HDMI is active. ).
The current 5k monitors still soak up two DP streams.
If use the HDMI then loose one stream. A HDMI dongle of the I/O card's TB port would work. (there is a 1 stream being sent that way).
They put the same HDMI 'stealing one stream' restriction on the DUO too. I suspect just trying to maximize reuse on the edge port design work. Didn't "have to" do that with the other DP streams available. but it would mean trace rerouting on that part of the card so they probably don't want to. the "extra" two being feed into the MPX connector are on the other half of the card. That is much easier to do with little trace routing impact.