It would not surprise me if the PQ was much better in JRiver. I have only ever tried the music side of it and that has always been built for quality rather than usability. This is possibly using madVR as a renderer and other tweaks for PQ.
MP is designed for a fairly low common denominator (old XP systems) but from the JRiver Wiki I can see
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Video
MC uses Red October, JRiver's DirectShow management system to automatically download, install and configure the DirectShow filters you need. Under Tools/Options/Video, choose Red October Standard. Once you're sure that works well, you can try Red October HQ. ROHQ requires a fairly powerful PC.
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ROHQ sounds like it might be applying upscaling, de-interlacing, madVR ......
(indeed ....
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Red October Standard -- MC16 automatically downloads, installs, and configures known good versions of LAV Splitter, and ffdshow. We build the graph and don't allow anything else. This results in video playback that just works.
Red October HQ -- Same as above, but adding madVR as the renderer. This is more processor intensive, so it only works well on pretty good CPU's -- i5 or above.
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LAV and FFDShow are fine inside MP so I would experiment there.
madVR however is not

madVR does handle some of the colour space issues that using EVR you need to intervene with as well as being built for total quality.
Advice would be to set audio and video codecs to LAV and add FFDShow as post-processing filter as starting point.
After that I would look at the colourspace settings in LAV, FFDShow and GPU control panel