On Gemini Lake 2160p60Hz is only possible with RGB 8-bit (default), YCbCr 4:4:4 8-bit (with a driver hack).
I'm not sure if YCbCr 4:2:0 12-bit could be enabled with a hack or otherwise. 4:2:2 is not supported by the driver.
It is possible to enable GPU dithering for 8-bit modes (with a driver hack). It certainly eliminates the banding on my test videos and looks ok to me.