As someone who watches a reasonable amount of PoV outdoor activity footage shot on helmet cams and the like (base jumping, mountain biking, skiing, snowboarding, etc)… I don’t love watching 360 videos uploaded in the raw because of the perspective distortion.

I’m assuming it must be possible, if the resolution is good enough, to post process a portion of each overall frame into an undistorted 1080p (or better) view of the key view of the action, but a lot of people don’t do this (perhaps it’s much more difficult or time-consuming that I’m imagining, or perhaps many viewers enjoy the distorted 360 view more than I do).

Just my two cents, YMMV, etc.

Yes it's possible, and yes it's time-consuming.