SteamOS 3.5.5 has been released to the Stable channel for Deck with the following changes: Display The default color rendering for Steam Deck LCD has been adjusted to emulate the sRGB color gamut, resulting in a slightly warmer and more vibrant color appearance. Added Settings -> Adjust Display Colo...
tl;dr Steam OS 3.5 released to stable branch, adding sRGB emulation, and HDR and VRR (for external devices)
Yeah, audio in general seems to be a bit bugged. I've had issues with apps and games not actually using the default output/sink. Thankfully, the output they are choosing is the one I use most of the time, but it's annoying when that's not the case.