Which overall just favored red, very slightly. I used these settings for most of the images in Cinema 1 mode.
Mind you the difference between the two sets of settings is very slight. A professional calibrator I know pointed out last year, that when he goes in to calibrate a projector (that costs many hundreds of dollars), and the projector to start is not more than off by 500K, clients often want to know what they are paying him for! Of course, there are other aspects of the image besides overall color balance that a professional calibrator tunes, but the point is, my settings improved the image, but it was not a huge improvement, by any means.
At last: I found a flaw. The unit sent to me to review (brand new, not tweaked by Panasonic) had a slight shift in color from the right side of the screen to the left, with the left being slightly bluer, the right, slightly redder. This type of issue has been seen on LCD projectors in the past, including those from Panasonic, and Epson. I watched at least 8 hours of content on the projector before starting testing and calibration, and can say, that I never noticed it on movies or HDTV. When I put a full white screen up, though, there it was. The range in color temperature actually varied by almost 1000K (extreme left to extreme right) in Dynamic mode. Once spotting this while testing, I started looking for it during the next almost 15 hours of content viewing. I still found it not to be visible, except rarely, on just the right type of bright scene (white clouds across the whole top of a scene), and then, only really noticed it when looking for it.
I expect that this is something that may vary from unit to unit, and definitely do not consider it a major issue. However, it may be something to look out for. If you do notice it during casual viewing, your unit may be worse than most, and you may wish to contact Panasonic. I've got a call into their product manager, for more info, but, again, I wouldn't worry about it. This is the worst I can say about the PT-AX100U, and that means, I have no complaints with its performance!