The HAP file is as Taylor identified correctly the one on the LEFT, but the difference is quite subtle
I've also tried using AVF convert with the same file, and the results seem identical to those with Compressor.
Again this is not on an M1 Mac.
Not having an M1 Mac I don't know if this is an issue with transcoding on that chipset or just the settings you are using.
If you made your HAP from your Prores 422 Proxy file that may be the problem, Although Proxy is widely used for video playback, generally it will only give good results if you rendered directly to that codec, or transcoded from at least the standard ProRes 422 codec but preferably ProRe422HQ.
This screenshot shows a 500% magnification of 2 HAP files
The left image was converted to HAP from A ProRes Proxy conversion of an Original ProRes HQ file and is terrible.
The right image is a HAP converted from the original ProRes HQ file, and is what I would expect quality wise.
