Windows version is Windows 11, 22H2 (22621.1105)
Of the 3 you suggested turning off, 1 is indeed on: Virtual Machine Platform. I believe I need that to be able to run install apps from the Amazon Android store, which I occasionally need. But even if none of them are running, Hybrid Sleep is still not available.
That article you included about Windows 8 is a different issue. It may be related around hypervisor consequences (and its conclusion that you need to turn completely disable Hyper-V, not just stop it, is probably related to this problem), but that's about certain power states (Connected Standy is a very specific power state) being incompatible with Hyper-V. I'm not running Hyper-V, I don't use Connected Standby, and all the power states I need work fine. It's only the Hybrid Sleep combo (sleep + Hibernate) that is blocked.
I know this isn't your fault or anything you can do about it, but this is a defect. If sleep is available (using any S-mode power state) and Hibernate is also available, as both are for me, then there should be no reason Hybrid Sleep can't work.
Process is simple: Whenever the PC is going to go sleep, whether due to inactivity timeout or use request, first generate the Hibernate file and set the boot mode to restore from Hibernate, THEN put the computer sleep using whatever S-mode it supports instead of shutting it down. When it wakes from sleep, delete the Hibernate file and boot mode before returning control to the user. Very simple and no reason MS doesn't do this. Here's the full report of my options: