Personally, I think color correction will be a problem with this release. The grain structure is far too fine and detailed to re-encode without noise. There is just no way to fix it without a significant quality loss. I will have to find a setting on my DLP that suits me to view this one.
So untouched Video encode from BD with mono track is the way to go.
I absolutely do believe the teal is wrong. I've seen this film in 35mm not long ago. It was not teal. The earlier Blu-Ray's color was spot on. It just wasn't detailed.