I tested multiple movies. Additionally, this is not just an issue of not getting pure black, the whole image has the pictured gray overlay. Please read the OP.
Can you check to see what the Apple TV Chroma option is set to in HDR mode (this will be either 4:2:0 or 4:2:2). There have been reports in the past of 4:2:2 causing issues with some setups.
I wasn’t able to replicate any issues with your samples, but I found this thread on reddit where a user reports a similar issue with the C2, and a potential fix.
So my issue is actually with HDR playback; DV is working fine - and I already have the brightness and black levels set lower to compensate, but am still getting this problem.
Also, to reiterate, HDR format videos on the YouTube ATV app work just fine…so it seems that Infuse is, unfortunately, isolated as the cause of the issue.