Don, I have a similar enlarger set-up to yours and have done 8x10 colour contact prints.
I would suggest you look at working out how to print colour using a 4x5 neg and projection printing first, then move to contact printing with 8x10.
The reason I'm suggesting this way, is speed. One can quickly do a multiple set of exposures and/or filter variations, on one 8x10" piece of paper.
Once you understand and grasp a basic knowledge of practical colour printing then I would suggest you can slow down and do your 8x10 contacts.
Colour contact printing has one slight difference over projection printing, the orange mask is different between films and manufacturers. Using normal colour enlarging techniques you will by trial and error, eventually arrive at correct colour, or what you call correct colour, for a given type of film and light.
Usually you have two methods to maintain this correct colour balance. Fastidious record keeping, or learn how to use a colour analyser.
The analyser is not going to be workable for contact printing, therefore meticulous recording is the way to go.
Once you are up and running, you will be pleasantly surprised at just how easy colour printing is. You may even go further and start developing colour film, then you'll see results that are so consistent, you'll wonder why you didn't start sooner.
Mick.