Depends on what you mean by color photography. Making consistently matched color separations via black and white film might ideally demand tolerances within plus or minus 1/10th F. I actually have a thermoregulator capable of that kind of accuracy. But I rarely need it. And it in turn needs to be calibrated using a truly trustworthy, accurate thermometer, not some cheap toy thing.
Ordinary RA4 processing, just like Cibachrome of the past, can easily tolerate plus or minus 3 degrees, though I have always kept it tighter than that. With routine black and white film developing, I just use one of those Zone VI compensating developing timers with its water jacket probe. As long as I start out a little above 20C, any drift down in water temp seems to be correctly factored in.
I mean C41
