Deep colour - If you turn this on you might be able to get 10-bit colour from your PS5 even without HDR in the TV, however I'm not sure as I don't own a PS5 and don't know what output options it has.
RGB Full or limited - I think this relates to 4:4:4 colour input from a PC. Don't worry about this unless it doubles as a monitor.
Colour Gamut - auto or standard at a guess.
Dynamic colour - off.
Black level - low, if that's the one that keeps black black.
Dynamic contrast - off.
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