tone mapping is only needed/used when HDR is being transcoded.
if HDR is is being direct played, then there is no tone mapping required or used.
it is better to avoid transcoding HDR, see @ Plex, 4k, transcoding, and you, but if/when desired it can be done if you have sufficient and supported server hardware.
tone mapping helps prevent the ‘washed out’ colors that can happen when transcoding hdr to sdr.
Both my videos and TV are 4K, but my TV only supports SDR.
I do not need to trans-code, but all I need is colour accuracy of HDR content on SDR screen.
unfortunately, you will most likely need to transcode.
HDR is not backwards compatible with SDR, that is why the colors are messed up.
some devices, like nvidia shield, and I think the apple tv 4k, can internally convert the hdr to match an sdr tv (ie it will direct play from plex, the device will do the color mapping).
also, if you do not have HDR tv’s, then honestly there is not much point to collecting HDR content, you should stick with regular bluray until such time you have an HDR compatible tv.
there is ZERO benefit of trying to use 4k/hdr on an SDR tv, versus using a normal SDR 1080p bluray.
Server side tone mapping is only done for transcodes. Some clients, such as Apple devices, Nvidia Shield, and Plex for Mac/PC will do tone mapping on the client side if required.