I've been pleasantly surprised by how much color I can restore from magenta prints using careful RGB back-lighting and Adobe Premiere's curves. There's an example here (scroll down a bit). http://www.zachpoff.com/diy-resources/16mm-film-to-hd-transfer-system
Not exactly pretty but it's a lot more watchable than the original. (In this case the capture device is a mirrorless still camera, so I expect that the increased resolution and color depth of a professional scan would open up more possibilities.) -Zach
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