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HDMI forum rejects AMD's open source 4K@120Hz and 5K@240Hz HDMI driver
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The only disadvantage of display port that I can think of is that it's harder to find capture devices (or at least Linux compatible ones) that have display port. Generally no one cares about that stuff though. I use capture cards because I sometimes do stuff involving other computers and it's 1000 times more convenient to have a vlc window floating around with the display output.
No one seems to have this use case besides me, I'm just glad that there exist capture cards fast enough to do playback in real-time and not a 5 second delay. I don't stream.
the reason why its harder is because devices with display port can basically nayively record without a capture card. other devices where it would be common like consoles design it to be plugged into a tv. and those in the tv business and console business are either in, or fold into the HDMI consortum standards.
this mindset will never change till basically most tv manufacturers put displayport on tvs