Yes there is a lot more information in the other thread. At this point the only people who have to rely on Jpg are Safari users on Catalina and earlier. At a guess that is around 2-3% of desktop web browsers at most. It may be a bit higher for mobile if there are significant numbers of iPhones stuck on older OS versions. Not many of us keep a mobile for 5 years these days.
Up to now I have stuck with Jpg but the case for being limited to Jpg grows weaker every day. Blocs could really use a built in solution or a custom bric that handles this.