I don't really see playback issues with 4K HEVC or VP9 media on S905X/S912 devices I have (other than seek). I hit play, occasionally see some garbage in the first few seconds but then it stabilises and plays to the end withouth issue. I am mostly playing self-ripped media though, and I rarely test PT audio because that involves fiddling with settings, and if you rotate through test installs as often as I do that's a chore to avoid. 4K SDR HEVC will work on an S905 box, but no HDR support in the chip (or tonemapping in software) and no VP9 on the chip. The decoders really do need adjust-refresh enabled so media plays at native rates. If you use a monitor that requires everything to be displayed at 60Hz or don't enable adjust refresh things don't run so well. I have no expectations of EGL rendering or any media with DRMPRIME disabled playing .. it's not how the image is intended to be used.
If you want excellent hardware with average software; choose any RK or Allwinner chip we support. If you want something with average hardware and excellent software (hint, this is the better combo) get an RPi5. It lacks VP9, but will software decode up to 4K30 with online streams. Everything lacks AV1 right now. There is no such thing as future-proof.