I've been doing some comparisons of damage output with and without handwraps equipped, and have noticed very little variation between fighting with no weapon (true unarmed) and fighting with handwraps. The only discernible difference I've noticed is that I can parry with handwraps equipped.

Is it the case that unarmed mastery's damage bonus is meant to be combined with the handwrap damage, or by wearing the handwraps do I sacrifice the bonus from unarmed mastery?

I'm just a little confused as to why I'm not seeing any tangible difference between true unarmed combat and handwraps