@David,
Here is some information from the RT manual (
http://rawtherapee.com/blog/documentation):
--------------
Noise Reduction
RawTherapee’s powerful Noise Reduction tool lets you eliminate noise while
retaining detail. It uses wavelets and a Fourier transform to work its magic. As with
all tools in the Details tab, to see the effects you must zoom in to 100% (1:1) or
more.
To find the best set of Noise Reduction values for your image:
1. Check the sharpening tools to make sure that you’re not sharpening any fine
detail, because your noisy photo has no fine detail! All they would do is
amplify the noise. If you’re using Contrast by Detail Levels to give the image
more depth, make sure that the first 0 (Finest)slider is turned off.
2. Zoom into the photo to 100% and find an area that has both sharp in-focus
parts as well as large plain out-of-focus ones, so that you can prevent noise
reduction from destroying details as you tweak it.
3. Start by setting the Luminance Detailslider to 0,
4. Increase the Luminanceslider until the luminance noise has been smoothed
away.
5. Because luminance noise is all gone now (though we haven’t recovered any
detail yet), this is a good time to denoise the color channels. Increase
Chrominance (Master)to a level where chrominance noise is gone but color
detail in small objects hasn’t been lost. You can reduce or boost the effects of
noise reduction on the red and blue channels by respectively lowering or
raising the Delta Chrominance Red/Bluesliders. In most cases 0 should be
fine.
6. Now increase the Luminance Detail slider to recover detail until you are
happy with the noise:detail trade-off.
-----------
Regarding colors, it is very subjective... I don't like the green I get from these cameras so I lower the green channel from 100% to 98%. If you want Canon colors adjust the color channels and compare with the colors that you get from your jpg. Save your profile (PP3) so you can re-use it. You can save colors, noise reduction, lens distortion, WB, vignetting correction, etc...
BTW, there is a new RT beta version with better Noise Reduction:
http://rawtherapee.com/forum/viewtopic.php?f=1&t=4377&start=255I hope this helps.