Please note that the below is not yet fully decided, so I cannot provide you with very specific details:
We will soon release a Corona 11 Hotfix 2 which will support 3ds Max 2025 and will assume the ACES/OCIO workflow as the new default with some kind of automated or semi-automated way of correctly displaying the image in the VFB. We are not sure how exactly this will be done, but we will do it in the usual Corona style so that you don't have to worry about it. :)
the changelog of hotfix 2 is a bit vague about it - does display transform from 3ds' ocio setup works with Corona or not yet?
It does not, just yet, but it is planned. Actually it is the missing piece from 3ds Max Color management support.
As display transform is a bit technical (to find, to understand, to use etc.), we just went with general "OCIO is not fully supported" way, to encourage users use Gamma workflow for now, for consistent and expected results.