[Perceval]

I will second IINA. It's not the swiss army knife that VLC is, but it seems to stream videos from a NAS with better/smoother performance than VLC, and its interface is more mac-native.

[lamnguyenx]

Don't forget full HDR support of IINA that VLC and most other alternatives on Apple Silicon don't have.

However, VLC still provides the best subtitle style customizations.