I have no idea what you are talking about. I need to learn that stuff. How do you take care of White Balance issues? I know the StillMotion video mentioned setting it manually via "K" kinda just eye balling it, just to get consistent color temps across multiple cameras, then do the rest in post. I have no idea!
Think of it like doing wb on a jpeg. Once its burned in, not a whole lot you can do to fix it without it looking a little off. What cineform and proress codecs do is (in photo terms) is to convert your file to a closer to raw format so that you can make adjustments (grading). (there is some debate that premier does this on the fly anyways, 4:2:2 color space) I personally don't do any artistic grading like you see in indi films, I want an accurate picture, so things like nuetral and marvel profiles (canon picture style, and a custom industry picture style), I don't use. One of the best tools I've found is cineforms firstlight ($250) which is like lightroom's wb slider. My guess is that these tools will be implemented into the next release of premier.
Ask your guys what picture style they use and match theirs. Picture styles for video, work the same way they do for jpegs. They bake a style into your final image. Things like neutral and marvel cine and the new cinestyle are meant to increase the dynamic range so that you can bring back highlights and shadows in post (fake raw file, etc.). Cinestyle is the new one(I still need to test it more), but they all still give a grey cast in the nuetrals of skin tones, so I stick with standard. You will also notice this on a lot of footage on stillmotions vimeo. The skin tones are grey and look dead.
I pick a picture style that is true to my final image (same way you shoot with only jpeg). For me that is standard with sharpness set to 0, contrast set to -2 and saturation and color set at defaults (0). If we had the time then I would adjust those settings depending on the enviroment. For event footage, you don't have time. For example, canon's standard profile is over saturated and has a great canon look for outdoor light. When you use indoors, that saturation gets blown out because of the additional blue that the sensors pick up from the tungsten (I'm really butchering this explination). What I will test this weekend is balancing the camera so that it looks like its outdoors so that hopefully I don't get that over saturated look in post. All of this stuff comes with experience and looking at the footage critically in post and you will get a feel for a look that you like.