Disclaimer: I am basing this post on the assumption that Hololens can't render blacks (as is the case with traditional projectors) and can only render light.
Say I place an augmented-reality poster of zebra stripes in my living room. Which of these, if any, is the most accurate representation of how Hololens handles blacks?
Figures 1 and 2 are not possible, to my understanding, with any Hololens model that relies on light projection.
Figure 3 would be ideal for pitch black rooms or flat black walls, but it would look weird otherwise.
Figure 4, I think, is how I think Hololens will actually handle blacks. It translates black to something that is nowhere near black, but it's at least implied. However, it would look inferior to #3 in a dark room, due to the elevated black levels.