In this case you'd be better to compare the byte arrays rather than converting to string.
If you must convert to string, I suggest using the encoding Latin-1 aka ISO-8859-1 aka Code Page 28591 encoding, as this encoding will map all bytes with hex values are in the range 0-255 to the Unicode character with the same hex value - convenient for this scenario. Any of the following will get this encoding:
Encoding.GetEncoding(28591)
Encoding.GetEncoding("Latin1")
Encoding.GetEncoding("ISO-8859-1")
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