Video downloads using binary but fails with "ERROR: requested format not available" in python?

[Elite]

This code:

from __future__ import unicode_literals
import youtube_dl


class MyLogger(object):
    def debug(self, msg):
        print(msg)

    def warning(self, msg):
        print(msg)

    def error(self, msg):
        print(msg)


def my_hook(d):
    if d['status'] == 'finished':
        print('Done downloading, now converting ...')


ydl_options = {
    'continuedl': True,
    'format': '137/248',
    'cache-dir':'/var/www/.cache/youtube-dl',
    'verbose':True
    }

with youtube_dl.YoutubeDL(ydl_options) as ydl:
    ydl.download(['https://www.youtube.com/watch?v=7uq7DiKg9IQ'])

fails in python with error:

python basic_python_youtubedl.py 
[debug] Encodings: locale UTF-8, fs UTF-8, out UTF-8, pref UTF-8
[debug] youtube-dl version 2021.03.14
[debug] Git HEAD: 10cd2003b
[debug] Python version 2.7.16 (CPython) - Linux-4.19.0-6-amd64-x86_64-with-debian-10.2
[debug] exe versions: ffmpeg 4.2.1, ffprobe 4.2.1
[debug] Proxy map: {}
[youtube] 7uq7DiKg9IQ: Downloading webpage
ERROR: requested format not available
Traceback (most recent call last):
  File "/var/www/v3/youtube-dl/youtube_dl/YoutubeDL.py", line 806, in wrapper
    return func(self, *args, **kwargs)
  File "/var/www/v3/youtube-dl/youtube_dl/YoutubeDL.py", line 838, in __extract_info
    return self.process_ie_result(ie_result, download, extra_info)
  File "/var/www/v3/youtube-dl/youtube_dl/YoutubeDL.py", line 872, in process_ie_result
    return self.process_video_result(ie_result, download=download)
  File "/var/www/v3/youtube-dl/youtube_dl/YoutubeDL.py", line 1675, in process_video_result
    expected=True)
ExtractorError: requested format not available

Traceback (most recent call last):
  File "basic_python_youtubedl.py", line 29, in <module>
    ydl.download(['https://www.youtube.com/watch?v=7uq7DiKg9IQ'])
  File "/var/www/v3/youtube-dl/youtube_dl/YoutubeDL.py", line 2060, in download
    url, force_generic_extractor=self.params.get('force_generic_extractor', False))
  File "/var/www/v3/youtube-dl/youtube_dl/YoutubeDL.py", line 799, in extract_info
    return self.__extract_info(url, ie, download, extra_info, process)
  File "/var/www/v3/youtube-dl/youtube_dl/YoutubeDL.py", line 815, in wrapper
    self.report_error(compat_str(e), e.format_traceback())
  File "/var/www/v3/youtube-dl/youtube_dl/YoutubeDL.py", line 628, in report_error
    self.trouble(error_message, tb)
  File "/var/www/v3/youtube-dl/youtube_dl/YoutubeDL.py", line 598, in trouble
    raise DownloadError(message, exc_info)
youtube_dl.utils.DownloadError: ERROR: requested format not available

Same formats downloads fine with binary and the formats are also shown as available when checking with binary:

youtube-dl -v -F 7uq7DiKg9IQ
[debug] System config: []
[debug] User config: []
[debug] Custom config: []
[debug] Command-line args: [u'-v', u'-F', u'7uq7DiKg9IQ']
[debug] Encodings: locale UTF-8, fs UTF-8, out UTF-8, pref UTF-8
[debug] youtube-dl version 2021.03.14
[debug] Python version 2.7.16 (CPython) - Linux-4.19.0-6-amd64-x86_64-with-debian-10.2
[debug] exe versions: ffmpeg 4.2.1, ffprobe 4.2.1
[debug] Proxy map: {}
[youtube] 7uq7DiKg9IQ: Downloading webpage
[youtube] 7uq7DiKg9IQ: Downloading MPD manifest
[info] Available formats for 7uq7DiKg9IQ:
format code  extension  resolution note
139          m4a        audio only DASH audio   54k , m4a_dash container, mp4a.40.5 (22050Hz), 31.75MiB
251          webm       audio only tiny   95k , webm_dash container, opus @ 95k (48000Hz), 61.87MiB
140          m4a        audio only tiny  129k , m4a_dash container, mp4a.40.2@129k (44100Hz), 84.26MiB
278          webm       256x144    DASH video   95k , webm_dash container, vp9, 24fps, video only
160          mp4        256x144    DASH video  108k , mp4_dash container, avc1.4d400b, 24fps, video only
242          webm       426x240    DASH video  220k , webm_dash container, vp9, 24fps, video only
133          mp4        426x240    DASH video  242k , mp4_dash container, avc1.4d400c, 24fps, video only
134          mp4        640x360    360p  355k , mp4_dash container, avc1.4d401e@ 355k, 24fps, video only, 231.40MiB
243          webm       640x360    DASH video  405k , webm_dash container, vp9, 24fps, video only
244          webm       854x480    DASH video  752k , webm_dash container, vp9, 24fps, video only
135          mp4        854x480    DASH video 1155k , mp4_dash container, avc1.4d4014, 24fps, video only
247          webm       1280x720   DASH video 1505k , webm_dash container, vp9, 24fps, video only
136          mp4        1280x720   DASH video 2310k , mp4_dash container, avc1.4d4016, 24fps, video only
248          webm       1920x1080  DASH video 2646k , webm_dash container, vp9, 24fps, video only
137          mp4        1920x1080  DASH video 4331k , mp4_dash container, avc1.64001e, 24fps, video only
18           mp4        640x360    360p  383k , avc1.42001E, 24fps, mp4a.40.2 (44100Hz), 249.85MiB
22           mp4        1280x720   720p 1699k , avc1.64001F, 24fps, mp4a.40.2 (44100Hz) (best)