I've written here about this matter, but for other manufacturer's displays. I've hacked the plist, used SwitchResX (the licensed version, for which I own multiple licenses), and changed cables. My fix is to use a compliant DP cable - it's not a Mac-only thing, and it goes back several years - search for threads relating to "EDID fix" or "Pin 20 EDID" or "return power over pin 20" - even threads on these Forums.
Cutting to it, several manufacturers including Dell, HP, and LG have cheaped out and are using cables that do not comply with DP requirements. Search the DisplayPort.org Product Portal and stick with cable manufacturers that are on that list - Belkin, Accell, StarTech, Eizo. I've got over 50 PCs and Macs with over 120 displays in my 4 offices, and 6 displays in my home and two workstations, and sticking to those cable manufacturers solved plenty of issues, including resolution selection. In my shops, the workstations with Eizo displays never crashed, never froze, never didn't wake from sleep - they shipped with proper cables, and that's what led me on a mission to find out what was happening (see the lengthy Dell P2415Q/P2715Q thread for my discovery related to this matter).
Using Accell cables with my rMBP yielded 13 more resolution options in the Displays Pref Pane than using the cheap Dell cables (made by COXOC, which are not on the DP Portal and do return power over Pin 20), and I no longer need to use a haxie like SRX. Don't spend money on SRX but, rather, spend it on a compliant cable. SRX and haxies like it will only mask the issue you're encountering.
I even posted screenshots of a 2012 Mini Server "before" and "after" that showed the additional resolutions available after the Sierra update and using a compliant cable as "evidence" to back up my assertion, a Mac that is pretty much gimped in graphics but is still running great.