Panasonic PT-AE4000 Color Temperature
Let's start with the basics. First, here are each of the modes, showing their "out of the box" measured color temperature for white
ike calibrated Color 1, which has a very good color gamut, whereas, for example, Color 2 has the wider color gamut usually found on most projectors. A wider gamut, in theory, is a good thing, but it's wider than the standards we use, so normally isn't as accurate. We "bring back in" those extended colors when a calibration is done. In this regard, Color 1, might be thought of as similar to, say, the THX mode on the Epson projectors as they too have a tight REC 709 type color gamut in their THX mode.
Thanks to Color 1's defaults, it does produce very good color accuracy, even without calibration, but Mike's calibration further improved the picture. Color 2 has that larger gamut.
In the case of the Panasonic, however, without using the CMS, Mike still ended up with some slight shift towards red, due, I expect by a slightly oversaturated red output. Note, Panasonic is touting their new lamp, with a warmer - more red, color temp, so that isn't overly surprising. (By comparison, the Epson and most LCD projectors, tend to overdrive green more than any other individual color.