H5P_DEFAULT looks like just a default value. It is defined in H5Ppublic.h:
/* Default value for all property list classes */ #define H5P_DEFAULT (hid_t)0
An HDF5 API with a parameter that is a property list identifier will check for H5P_DEFAULT and set the appropriate property list identifier if found. For example, this is from the H5Dcreate2 code: