The viewing options OP listed should all work with AV1, I think they were just worried by the preset names. Plus, hardware support should only get better.
OP, you should be able to adjust settings after you select a preset, so you can pick different dimensions/frame rates/audio codecs/etc.
Side note, I’ve found that the matroska container is the easiest one for me to use if I want better subtitle support.
This is what seems to have helped for me on Fedora:
Install free and non-free RPM Fusion repositories: https://rpmfusion.org/Configuration
Then run the following:
sudo dnf groupupdate multimedia --setop="install_weak_deps=False" --exclude=PackageKit-gstreamer-plugin
sudo dnf groupupdate sound-and-video
sudo dnf install mozilla-openh264
rm ~/.cache/gstreamer-1.0/registry.x86_64.bin
I was having trouble with many h265 videos until I cleared my gstreamer cache (I only needed to clear the 64-bit cache, this thread suggests clearing both 32 and 64-bit):
https://discussion.fedoraproject.org/t/h265-videos-wont-play-in-totem-after-installing-all-codecs/87341/17
You could set up btrfs snapshots, too. Of course, don’t forget to take a snapshot before you break your configs.