Yes, I agree, although I don't use that option. And, of course, it is not compatible with Full-SBS, that cannot be encoded in level 4.1 and therefore cannot be BD compatible.
BTW, BD3D2MK3D has the option "BD compatible" that just enforces that --bluray-compat option (and disables some other incompatible options). Of course, that option is not available if you encode with x265, because HEVC is not BD compatible anyway.
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