Since I read the original question I've done some looking through Adobe documentation. Adobe makes a free DNG Profiles Editor that allow us to create custom color profiles for raw conversion. It only works with DNGs, not PEF or other proprietary raw formats. Since I convert on import, that's not a problem for me. The program has been in beta release since 2008, but appears to work without problems.
DNG Profiles Editor documentation link. DNG Profiles Editor download link.
Yes, I know that my K20D will shoot DNG files in camera, but they tend to be about 5 MB larger than PEFs or converted PNGs. Apparently, both PEF and DNG files normally use some non-destructive compression, which my camera doesn't apply when saving images in DNG format. Conversion with ACR does use the compression and stores DNG files of approximately the same size as PEF.
Anyway, I'm learning the Profiles Editor and find that it can be used to make very simple or drastic and global changes in images. The range of uses covers a wide gamut of situations, some of which I didn't know it was possible to work with, such as dual illumination sources like mixed incandescent and fluorescent lighting.
For best precision calibration against a color chart seems advisable, but a simple shift away from green to magenta can be made with a few clicks. I've ordered a color chart and will post a tutorial when I'm more comfortable with the process.
michael mckee
My Port Townsend – A City in Photographs – 365