When it comes to VR video encoding, it does not matter which Codec you choose out of the two (HEVC or AV1) in terms of video quality. At same bitrate, both provide IDINTICAL visual quality. Period.
The ONLY advantage of AV1 is SLIGHTLY smaller file size when encoding 8K+ resolutions which is what should be used for VR Videos in this day and age.
So, even that advantage is not worth it IMHO with all the time AV1 encoding it takes vs HEVC.
And no, better Color grading for AV1 Videos doesn't mean they are better in visual quality. You can adjust the same color grade for the HEVC video, and they we'll look identical.
When I compare, I don't look for the better color, I look for the better pixel. And at same bitrate, both are identical as I said.
Sorry, this whole HEVC vs AV1 is meaningless. And if you guys want to be sure about this, just encode your own VR videos at 8K resolutions in both HEVC and AV1 at same bitrate and same color grade and you'll see NOTHING difference between the two either you look at them and zooming on a 4K PC monitor or on a high resolution VR headset.
That's what I did multiple times, and these were the end results every time.