Great! The Home Cinema 4010 and Pro Cinema 4050, do color really, really well, both “right out of the box” and then even better with a calibration, although these Epson projectors barely need calibration, especially compared to 90% of the projectors out there.
HDR is a bit of a challenge, as it is for almost all displays. Epson now, with its HDR Auto Bright mode, doesn’t come across dim as older Epson’s pre that “Auto Bright” tended to be. True, sometimes the HC4010 and PC4050 can be dim. But it’s the exception now. I did put on a 4K HDR/P3 disc of Hunt For Red October, a very dark looking movie that takes place primarily within submarines (which one would guess from this movie as being poorly lit, at best. (But that makes for a lot of pop!)
For normal, non-4K sports, you have choices. With two modes – Natural, which is a bit more accurate, but Brilliant Color – slightly brighter, but set with a more dynamic look – gives my sports viewing more wow, more pop to the picture.
Your other choice is between slightly better, and more accurate, and expanded color, vs having a lot more lumens for more brightness on high HDR scenes. While I’m stubborn and favor the calibrated Digital Cinema for most of my 4K HDR movie viewing, Red October, and a few other movies have me shifting to our calibrated Natural mode for its almost double the brightness.
Your screen size, room ambient and surfaces, and, of course, your person preferences/taste should allow you to pick which mode you prefer for most of the highest quality content, but as I mentioned elsewhere in this review: It’s nice to have choices! The competition, when there’s 4K with HDR/P3 can’t come close to the superior P3 color, no matter what. There are exceptions, but only if you count Epson’s own 5040UB/6040UB, JVC’s $4K and Sony’s $5K projectors. Everything else we’ve tested that can do 4K HDR and support P3 color, simply fails to do better than REC709, while P3 provides a 50% larger color space.
Downsides? Well, of course this Epson isn’t as natively sharp as a native 4K projector, or the higher resolution 4K UHDs, but those differences, as we have emphasized, are slight, and you have to sit close to even appreciate any differences.
The other downside, is of greater concern for me, and that is the black level performance. Thanks to these Epsons having an excellent dynamic iris, they do well enough – with a bit less native contrast, but otherwise, can hold their own with most of the 4K UHD DLP projectors. The Epson wouldn’t be too different on very dark scenes, but on brighter scenes you would notice that Epson blacks would not be quite as dark as say, those of an Optoma UHD65. Of course we care far more about the deepness of blacks on very dark scenes, than on medium, or especially bright ones.