Normaly last settings is saved and will be applied to your next playback.
Yes, but I don't think I am explaining myself properly. There currently are four HDR standards: HDR10, HDR10+, Dolby Vision, HLG.
In CoreELEC builds, for each format you decide how to handle it. And all videos follow those rules, without any need for further manual intervention by the user. It's nice to have the option to switch on the fly (through the O shortcut) but that should not be substituting proper settings for everyday use.
I hope now my explanation is clearer. Thanks for listening and for your patience with the multitude of users...