I don't actually own any Apple devices, I just mentioned them because they are pretty popular. Level 3.1 is what Handbrake uses for the newer ones, maybe with some stricter VBV restrictions and possibly turning off weightp, I haven't checked. Anyway, since Handbrake is popular I'm sure their presets work so it's probably a good idea to if that's your target.
Personally I use 3.0 for my SD stuff and 3.1 for Blu Rays that I downscale to 720p.
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