Back in the days I made ray tracers and such, and going from an internal SDR representation to an internal HDR representation was a complete game changer, especially for multiple reflections. That was a decade or more before any consumer HDR monitors were released, so it was all tonemapped to SDR before displaying.
That said, I would really like to see his two monitors display something with really high dynamic range. From the stills I saw in the video, they all seemed quite limited.
Anyway, something to watch fully tomorrow, perhaps he addresses this.