Others have covered most of the important points, so I'll just add a few comments on issues I haven't seen addressed....
digiconvert said:
-I assume that the flow is the same as BW i.e developing tray/'stop'/Fixer (bleach ?), am I correct ?
As others have said, this is basically correct. Most home darkroom users don't use trays, though; they use drums (often as part of a semi-automated machine). Because you can't use ordinary B&W safelights with color materials, tray processing can be very awkward for color. Drums work something like developing tanks for negatives, in that they're light-tight and so enable you to work in the light. Unfortunately, they're a bit expensive, even used. If you don't want to invest in a drum, you can certainly try the process with trays. You might want to practice in total darkess using water in the trays. Alternatively, there is a safelight you can use, but I hear it's
very dim. (I've not bought one, myself.)
-I assume that you run teststrips as per BW, is this correct ?
The usual method, at least as I've seen it described in books and whatnot, is to do a test print that's broken into some number of parts. In each part, you try a different exposure and/or filtration setting. I've always exposed the same part of the negative for each part, which makes judging color easier -- you don't have to worry about changes in color from different parts of the negative. You can find test-print frames to help make this process easier. I use one that enables me to put eight test prints on an 8x10-inch sheet. I use two of these for four exposure tests (breaking each into two parts). I then use the remaining six parts for increased and decreased filtration on the cyan, magenta, and yellow filters. (For me, it's actually red, green, and blue light levels, since I've got an unusual additive enlarger, a Philips PCS 130/150, but the two arrangements are logically equivalent.) Note that, contrary to what Claire recommends, I
do adjust the cyan/red filtration on my test print. Books I've read generally don't say to adjust this filtration, but I personally find it helpful. I suspect, but don't know for a fact, that the "don't touch the cyan filtration" advice originates from a desire to keep exposure times short. Using more than two filters acts like a neutral density filter, increasing exposure time. Modern color papers are very fast, though, and I usually have to crank up all three values to keep from overexposing my paper even with a 5-second exposure, so I see no reason not to test all six color variants.
Note that you aren't guaranteed to get a good color balance on
any of your test exposures. If your initial values (based on the paper manufacturer's recommendation or your own past experience) were in the right ballpark, though, you should have something close enough that you'll be able to guesstimate the right exposure and filtration. If your initial values are way off, you may need to do another test print before doing the final print.
Offhand, I don't know of any Web sites that cover color printing, although I'm sure they exist. I do have a manual/how-to guide that came with my enlarger, and I actually put it up on the Yahoo
Tri-One group, which is devoted to the Philips enlargers. Although much of the information in the document is specific to the Philips enlargers, the description of making test prints should apply to any enlarger. If you care to check it out, you can either join the group and look in the files section for the "Colour Enlarging Without Tears" document or send me a message with your e-mail address and I'll e-mail it to you. Be aware it's about 1.5MB in size as a PDF.
-AM I completely crazy to even consider doing this when I can get my films developed and scanned to CD by a good lab, within the hour for 35mm and 3 days for 120 film. I know cost is not an issue here, this is my hobby-just want a little more fun/grief (delete as appropriate)
Personally, I don't think it's worth the bother for ordinary postcard-sized prints -- the sort that the local lab will return with your order. For enlargements, though, it gives you full control, which you may want.