All these networking events drive me nuts with everyone pretending to care about dumb stuff and and don't get me started on how they waste money on fancy setups when we could just chat for free. I usually grumble about subscription services being a rip-off and ask if they've found any good free alternatives for apps or whatever. It sparks rants about costs and sometimes leads to sharing tinkering hacks.
Run a PS5 and a tower into a single TV through a two in one out HDMI 2.1 switch and it has been flawless so yeah no matrix needed. High frame rate, HDR, VRR, ALLM all stick. No drama.
My only hiccup was a bargain cable that would freak out at 120 and flash to black now and then. Swapped in an Ultra High Speed cable and set the TV HDMI input to the game enhanced option and the problem vanished, I can bounce between console and PC quickly and the handshakes are smooth.