have you try passing through the card directly?
Container Device: /dev/dri/renderD128
Container Device: /dev/dri/card0
just makesure D128 and card0 is your card. you can check with i-gpu-top
Just installed Arc A770 and I tested transcoding 4K HDR with linear tone mapping and was able to do 20 1080p High transcodes. Utilization was about 90% so I could have pushed it harder.
i would say this is a beast for plex right now.