I think I found my own answer:
PadOS 16 will introduce Reference Mode on the 12.9-inch iPad Pro. This will be handy for photo and video editors as it will let the display switch to sRGB mode to show the true colors of the media content when color grading or reviewing them.
Reference:
https://www.makeuseof.com/best-new-ipados-16-features/
This will be a great test for what I believe is my issue with the current iPads and that is the handling of color using FRC. If I can't handle the 12.9 in sRGB mode, then I have been shooting in the dark for quite some time.