Moonlight QT is operating on Armbian with the configuration set to use h.264 at 1080p, 120fps, and a 40Mbps bitrate.

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I was able to perform another quick test last night using h.264 at 1080p with a 40Mbps bitrate and 120fps. To my surprise, during the test, the average decoding time for h.264 was about 1ms longer than that of average h.265, which is typically the other way around. Unfortunately, the video quality is poor due to my inadequate setup for external recording. However, I plan to conduct the next few tests by recording directly on the VM.