Glad to hear you purchased an OLED.
Other than an error in the secondary color cyan we don't see any serious color decoding errors out of the box.
The 20 point CMS does not perform properly so if you are not hiring a highly skilled professional calibrator I strongly suggest leaving it untouched as the default settings are about as good as they can turn out even after adjusting them.
Our TV Shootout panel of experts/pro calibrators worked with LG's OLED design engineers to peak the performance of gray scale and gamma and with those special instructions we were able to get a reasonably flat gamma and gray scale tracking.
You LG dealer should be able to give you the password code to get into the ISF professional modes.
Just curious if OLED causes headaches like you experienced with LCD and PDP?
Enjoy!
-Robert
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