EDIT: I made a couple minor new updates for the script. The first one is I lowered the saturation just slightly, so the movies don't feel too oversaturated. I got that feeling especially with skin tones. Now it feels a bit more natural but still more colorful than the raw GOUT.
I also changed the values for the resize at the bottom of the script. Now it corrects the aspect ratio while keeping all vertical lines of pixels. Though it's for the PAL version, of course.
EDIT: After weighing pros and cons I decided to leave the saturation. When I lowered it, it took away a bit of that overall theatrical print look. With saturation unchanged, the movies look more like those 70mm scans and I think that's not a bad thing!
When I first saw this newest update it took me a few minutes to adjust to this level of saturation (as I had never seen the Gout with so much solidity my initial reaction was "is this right?"). However, once I put aside my pre- conceived idea of what was possible/how faded the film print must be, I can't see any other way but to accept that this WORKS. The effect of having all the colours work together so that objects now appear to curve and round and extend in solid three dimensionals creates the illusion of real life including radically extending the depth of field within images. With this setting there is infinitely greater sense of the space/distance between objects. It was like all previous adjustments were in flat 2D and now it looks 3D.
Now, whether the colour palette exactly matches what was in the originally print - I can't say*. But I would be wary of making changes that flatten this depth you've now acheived. AND this setting also improves all three films which makes me think there must be something intrinsically 'right' about it.
*I got "The Making of Star Wars" by JW Rinzler today and I realized probably everyting I imagined about the colours is wrong. Example: in the book its got pictures of the interior of ben's hut with the caption saying it was shot in England - when I had imagined it was shot in the Tunsia and so have natural coloured desert light. What a fool i was!