Ara noticed that Drive to Survive was 50Hz. I had to go into my Denon app to confirm, as there is no display of the video frame rate on my Denon AVR or Sony TV. I had been speculating that a busier Atmos track and higher bandwidth video were a factor in the Atmos dropouts, and the reason I have found Drive to Survive to be a most problematic program, but now we have proof.
As further proof, I ran the experiment of setting my ATV4K to 1080p with DV, with both match Frame Rate and Dynamic Range ON. I played an entire episode of Drive to Survive at 1080p 50Hz and the Atmos was flawless. This proves that higher B/W video, independent of Frame Rate, is the catalyst for the Atmos problem. This isn’t much of a surprise, except when you consider that the faster ATV4K Gen 2 is supposed to support 4K video at up to 120Hz due to having HDMI 2.1, an upgrade over the Gen 1 with HDMI 2.0. We also know that DV is not a factor, as Drive to Survive is not available to stream in DV. It is video bandwidth alone -- not Frame Rate or DV.
The next experiment I will perform is to see if Drive to Survive plays Atmos perfectly in 4K on my ATV4k Gen 1. I have never had an Atmos issue on the Gen 1, but I never tested it with 4K at 50Hz.
Knowing the Atmos problem is related to high bandwidth video doesn't help us solve the problem, but lowering the resolution to 1080p is a viable workaround for those that prefer Atmos over 4K. We don't know if the Atmos dropouts are caused by a hardware issue in the Gen 2 units, but it should at least be possible to significantly mitigate the problem in software based on my tvOS 14.x experience. It is all up to Apple and whether or not they care to do anything about the problem. At this point, it doesn't seem they do.