I shot only color for years, and do like it in books and on the screen. I am even pretty good at it. I realized when I got back to 4x5, however, that I do not like color prints on my walls, and that I could not do fine art prints for other people if I did not like them myself. Ask yourself the same question - if you do not hang color, maybe you should not worry about shooting color.
Bruce is very right about the methods. About the only time I would do color and black and white the same way would be wide angle extreme contrast cityscapes. Kodachrome skys and bricks and steel with a 17mm lens you can do the same as black and white.
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