Yes. The HDR on a recent Macbook Pro is the real deal, and unmistakable when you see it. Same with modern OLED HDR TVs - they can get so bright it hurts.
I regret that hn doesn't have HDR support so as to properly emphasize that <em><blink><pain>THIS IS NOT A FEATURE.</pain></blink></em>
No thank you! If I’m outside enjoying the sun with sunglasses on then I have zero interest in using a laptop!
I think the reason you don't want to drive OLEDs as hard (so there's current limitation/ABL) is more about burn-out than burn-in.