The 'Red, Green and Blue Increase/Reduce' parameters are the most important settings in the Color module. They directly determine the colour balance in your image. Their operation is intuitive; is there too much red in your image? Then increase the 'Red Bias Reduce' value. Too little red in your image? Reduce the 'Red Bias Reduce' value.
If you would rather operate on these values in terms of Bias Increase, then simply switch the 'Bias Slider Mode' setting to 'Sliders Increase Color Bias'. The values are now represented in terms of relative increases, rather than decreases. Switching between these two modes you can see that, for example, a Red Bias Reduce of 8.00 is the same as a Green and Blue Bias Increase of 8.00. This should make intuitive sense; a relative decrease of red makes blue and green more prevalent and vice versa.
Final signal compositing is delayed until it is convenient and mathematically optimal.
The first-pass algorithm is an enhanced wavelet denoiser, meaning that it is able to attenuate features based on their size.
The noise signature of the deliberately left-in noise, is precisely shaped to be aesthetically pleasing for precisely this purpose.
You can convert everything you see to a format you find convenient. Give it a try!