White Balancing was done very easily using the sequence: WB Button, UP Button and then Shutter, while pointing at a Amphibico White Balance slate. It never gave me any issues from 3m to 20m. Really fast, accurate and no problems. Can't see it needing that slate - Im sure it will work with any - it won't be for a couple of weeks, but I my old PADI Photography slate somewhere - I can do some comparisons for you - if you can wait 
Colours have been adjusted in FCPX as I'm purposely running the GH4 in STD with every turned down (-3,-3,-3,0) and then I have a Preset which I've created to bring up the colours in FCPX - I'm not spending any time playing with it scene by scene, adjusting this and that - literally I imported the first couple of clips, got them how I liked (Saturation, Constrast etc) and saved the preset and then applied it to all the clips - so not a big workflow issue. I do need to spend some time with the other colour profiles (CineV etc) and see how much difference they are - and see how the camera responds to have for example the saturation turned UP on the camera.. these will be for when I have a tripod so I can really get some good comparison shots. I do believe with a correct profile on the camera a good white balance, no NLE adjustments could be needed.
Adjustments:
Color: Global 0%; Shadows 3%; Midtones 16%; Highlights 0%
Saturation: Global 0%; Shadows -12%; Midtones 4%; Highlights 47%
Exposure: Global 0%; Shadows -30%; Midtones -13%; Highlights 0%
One thing I've played with and forgot to reset was master pedestal its set to +12 on the camera (doh) - hence the minus exposure / sat adjustments
Running 4K on my little 11" MacBook has been quite amazing too be honest (apart from the initial import and transcoding the proxies!!)
Below is a side by side of a ungraded vs graded frame. (if it helps)
[video=youtube;2fofPXkfOkQ]https://www.youtube.com/watch?v=2fofPXkfOkQ