SDR Contrast in the Age of HDR - What Do You Prefer?

[StingingVelvet]

I was thinking funny things this morning looking at this cap comparison for Ninja III: The Domination. The new master from Shout looks more natural and film-like, but because of my experience with HDR now-a-days it also looks SOOOO flat. The older master, while possibly contrast-boosted to some degree and obviously more processed in general, has more depth like I am now used to, even if it's "fake."

Obviously the "theatrical accuracy" question rears its head here, but theater projection and home video are not the same and it's hard to say exactly how much contrast should be there sometimes. I'm not an expert or even an armchair expert, so I thought I'd open a discussion up about this.

What do you think should be the "contrast standard" on an SDR blu-ray? Which image do you think looks best, contrast-wise? If you have experience with HDR has that changed your desires and expectations for SDR contrast? Do you think SDR remasters should be tuned a bit to emulate HDR? Sound off!