Why are we here, What are we striving for?

: The title of the content, which in this case is a Netflix original series set in the Andaman and Nicobar Islands. : Indicates "Season 01."

But then, at the 14-minute mark, the "better" version revealed its secret.

: The resolution (Standard Definition). While 1080p or 4K is the gold standard for clarity, 480p remains a staple for mobile viewing.

Org., bit rate, resolution, compression) of that specific file?

The string seems to indicate a web-dl with embedded subtitles, x264 codec, sourced from hdhub4u. Quality issues likely include: