Hi Peter,
It's for both color and B&W. A side effect of going through the DNG Profiler is that the WB range in your LR/ACR will greatly expand, more in line with what you need for IR.
So it would be a benefit no matter what you shoot.
And your images will look better coming out of the camera, too.
I'm not sure if your other issue is firmware-related, I think many people report the same thing with regards to how the camera previews and renders. But I could be wrong about that.
Either way, if you have all the tools set up properly, you're better armed against what IR will throw at you.
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