Loading .heif or .heic files into a TImageFXVips object is fine, images are decoded correctly. But calling .SaveToStream() raises an exception with message "Conversion error!" and a consecutive exception with message "Error saving to stream".
My setup: Delphi 12.3 Athens, Win32 VCL application. I am using the latest binaries from LibVips library v8.16.1 and everything else seems to work fine. No issues with .avif files, if that helps.