Can the iMac Pro do it?
The iMac Pro can *decode* 10-bit 4k HEVC, apparently using AMD's UVD hardware-accelerated decoding -- IF playing that video file in Quicktime Player. Whether VLC or any other player will use hardware accelerated HEVC decoding depends on whether that app calls the APIs to access AMD's UVD hardware: https://en.wikipedia.org/wiki/Unified_Video_Decoder
But Netflix is streaming playback not file-based. Netflix 4k is encoded using 10-bit 4k HEVC. However due to copy protection issues only specific client types can play Netflix 4k -- certain TVs, certain set-top boxes, etc. The only computer operating system currently supported is Windows 10 and the Edge browser.
In theory the iMac Pro could play that if running Windows via Bootcamp, Parallels Desktop or VMWare Fusion, and assuming the Edge browser is written to use AMD's UVD, not just Quick Sync.
In actuality I think that's unlikely. There would be a greater chance a 2017 iMac 27 would work for this, but that's unknown until somebody actually tests it running Windows and using the Edge browser.
Hopefully Apple will eventually support this in Safari on macOS, which would enable streaming Netflix 4k on iMacs running Kaby Lake or later CPUs or on iMac Pros.