Let me answer those backwards -
No, the compression does not cause the quality to be visually lower. If you have the space, you could also use H264.
H265 is newer so some players will not handle it yet. H264 is older and most players that will do High Definition will play it.
As for "do you have a player that will do H265", you would have to look at the specs on the player. BTW, Power Director is not a player. Since you made the H265 file with that video editing tool, it will play (preview). When I said player, I was thinking about PowerDVD (which will play H264 94 H26).
I don;t know if the free VLC player will play the H265 but my guess is that it will.
.
.
BoilerPlate: To posters who ask for help -- it is nice to thank the volunteers who try to answer your questions !
Anything I post unless stated with a reference is my personal opinion.