Big QSV improvements with v30.
Your iGPU driver is stale, a quick check on Intel support site for your CPU & it looks like the newest version is the same as the A370M driver. Having both installed may be creating a conflict.
Available Video Adapters:
15:47:43.504: Adapter 0: Intel(R) Arc(TM) A370M Graphics
15:47:43.504: Dedicated VRAM: 4213178368
15:47:43.504: Shared VRAM: 4151046144
15:47:43.504: PCI ID: 8086:5693
15:47:43.505: Driver Version: 31.0.101.4953
15:47:43.505: output 0: pos={0, 0}, size={2560, 1600}, attached=true, refresh=60, name=
15:47:43.505: Adapter 1: Intel(R) Iris(R) Xe Graphics
15:47:43.505: Dedicated VRAM: 134217728
15:47:43.505: Shared VRAM: 4151046144
15:47:43.505: PCI ID: 8086:46a6
15:47:43.505: Driver Version: 31.0.101.3790
Intel® Core™ i7-12700H Processor (24M Cache, up to 4.70 GHz) - Download supporting resources inclusive drivers, software, bios, and firmware updates.
www.intel.com