I have been trying different color correction technique in Vegas for my underwater footage taken with a GoPro (Protune mode, Native WB) without any red filter
The original footage:
1- Try with the WB FX:
The result speaks by itself... red cast, definitely not nice.
2- Color Curve + Saturation boost:
Better but this FX is definitely not user friendly. It's most probably possible to do better but it requires a huge amount of time.
3- Color corrector
Not bad but I miss a luminance proper adjustment for lift, gamma and gain.
4- Finally I try GoPro application.
Result is good and takes only 1s to achieve by setting the white point to the white on the clown fish. And the result is visible from Vegas directly without rendering the file from GoPro application.
I wish that Vegas will offer more complete, user-friendly and better color correction FX in future update. I know there are 3rd party plugins out there which might gives a better result but as it's so easy to get a good result with the basic GoPro application, I expect to get it from Vegas as well.
PS: original clip is converted to Cineform, editing in 32bits video levels.