Spider man 2 with raytracing best settings I have found until RenoDX mod is fixed.

[VirtuaTyKing]

Settings for OLED.
Contrast 72. Using the percentage of difference between limited and full range and my eyes to check for black crush.
If you want to set paper white do it first as it changes peak. Then raise peak luminance until it's reached using analysis tool. I found the night scene in menu to have brighter highlights than the bridge scene with the sun. Don't know if a scene later in the game has brighter.

Changing to limited range on TV is an option and a nuisance. It doesn't lower black floor but raising contrast does.
It looks decent at least. Just incase a full Renodx mod doesn't become available I thought I would pass it on. It took a long time tbh. Damn dev's HDR needs respect!

[VirtuaTyKing]

New settings with liliums shaders.
Game peak max 1500 & Paper white 200. Contrast and Brightness both default 50.
My game reads about 891 peak brightness still!

Liliums black floor fix
Gamma adjustment setting
BT.709
Gamma 1.223
Processing cut off 891 nits
Black floor lowering
Old black point 0.00014
Roll off 0.01

Liliums tone mapping
BT.2446 method A
800 target
Static tone mapping 891 max

I also found the gamma 1.223 setting helpful for setting up South of Midnight too. I would rather use a good reno mod but this might help in games where I want to use smooth motion.

Update: Smooth motion now works with Reno but this gamma setting might be useful when using OptiFG which currently isn't compatible.