Does anyone know how these compare with the HEIC format that it seems my iPhone now uses by default? Is that non-mainstream, or otherwise not fit for comparison?
WebP is based on VP8, which was considered to be competitor to H.264 (AVC). HEIC is based on H.265 (HEVC), which competes with VP9 and AV1. So I'd assume WebP is one generation behind HEIC. WebP was introduced 5 years before HEIC though.