So there are a few issues here that are worth untangling, possibly.
First, let's separate what is *theoretically* the case from what is *practically* the case. In theory, yes - perfectly combining the information from shots at different exposures can give you a wider tonal range. However, this assumes a few of things: 1) the tonal range of the scene exceeds the tonal range of the sensor, 2) whatever algorithm you're using to combine the shots is able to do a decent job of deciding what parts of each image should be kept and blends them together well, and 2a) the algorithm doesn't introduce artifacts in the process (e.g. halos) and 3) at least one of the shots you're using contains blown highlights, and at least one of them does not.
Let's start with a practical consideration on the Mavic's HDR/AEB implementation - namely that it uses a 0.7EV interval with a 5 shot maximum spread - meaning that in the best case, we're going to get an additional 2.5-3.0EV of range in the shadows compared to a perfectly exposed ETTR shot - but you'll only get that if you overexpose the entire AEB (i.e. if the "darkest" shot of your AEB is perfectly ETTR). I certainly wouldn't dispute that you *can* get better results in the shadows by doing this. But I'd also contend that it's not, practically, what most people do or what most people mean when they talk about using HDR/AEB to get a "better" result on the Mavic (and doesn't appear to be what you did in the shot above). And remember here that we're really talking about shadow noise and detail, not highlight detail. Half of the information in the (raw) image is dedicated to the brightest 1EV of information. If you've done your ETTR properly, you're going to have plenty of highlight information, and underexposed shots aren't really going to give you much, if any benefit (in fact, they can theoretically hurt you).
My suspicion is that when *most* people talk about using the HDR/AEB functions on the Mavic, they're talking about having the center exposure be "correct" per the camera meter and then blending the +1.3EV / - 1.3EV below that. But here's the thing - if you do that and your brightest shot doesn't have blown highlights (which it's likely not to at only +1.3EV over the camera's meter point), then you actually *can't* do any better than a properly exposed ETTR shot because you don't actually have any additional tonal information (remember - underexposing doesn't give you any additional tonal information. note: not strictly true, but true enough for the purposes of this discussion). Stated differently, if you HDR/AEB and the brightest shot you're using is not blown, then you're better off using the brightest exposure you've got, because it will have the most shadow detail, and the darker exposures don't really give you significant benefit in the highlights.
It's hard to comment on the exact scene you posted without looking at each of the individual DNG files, but I'd encourage you to try yourself - take the brightest exposure that isn't blown and use local adjustments to pull down the exposure on the brightest parts of the image and boost the exposure on the darker parts of the image. I think you'd be surprised how much detail is preserved in just a single layer. My initial thought on your shot is that the sky is completely blown out, so I'm not sure your example is even a particularly good example of what HDR can do (assuming what you posted was the HDR JPG output from the Mavic).
For the record, some single layer ETTR's, SOOC and "final product" (though I didn't spend a ton of time on these):
SOOC:
View attachment 57537
Processed:
View attachment 57538
SOOC:
View attachment 57539
Processed:
View attachment 57540
And, for grins, I went back and found one that I'd actually used HDR on (one of my 0.7EV brackets was actually blown, so it was a decent test case):
HDR:
View attachment 57541
Single Layer:
View attachment 57542
(note - this was a quick process, and I didn't try to match the colors exactly).
tl;dr:
Is it possible to get better results with HDR compared to a single layer, if done properly in camera and using a competent HDR processing engine? Absolutely. Are there situations where you should use it? Of course. Does the Mavic's implementation of HDR/AEB limit its usefulness unless you really know what you're doing? Certainly. Do most people use HDR/AEB in such a way (especially on the Mavic) that maximizes those benefits? Doubtful.