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I would say if anything the saturation and contrast can be boosted a bit more but as bkev noted, the GOUT has hideous red levels, and these need to be tone down but only a bit. The biggest problem with the GOUT, aside from the detail--I recommend a mild sharpening filter, btw, since the GOUT has a bit more detail than the DVD shows as long as no artifacts are created--is the damn reds. They tend to bleed all over the place and be disproportionally represented, and they need to be dialed back here only only very slightly.
I think it was Leethoroughgood who made a Technicolor recreation about a year ago, it looked very good, and so does this.
This is all pretty subjective. My own opinion is add a tad of sharpness, add a little bit more saturation, and try to rein in the reds a bit more. The only problem with that, I guess, is that the greens already are starting to become a bit prominent. But a good first attempt in my opinion, and for sure an improvement. I think for an adjustment like this you are pretty much in the ballpark of a nice looking image and it's really just a matter of preference aside from a tiny bit of red level control.