Supposedly it does. Paolo's True Color for the HD100 was a great setting giving you rich colors that are spot on. It is ideal when you don't want to do much tweaking in post. Its rich and ideal for vibrant colored commercials for instance. You can however desaturate in post.

The true color setting he made for the HD200, however, gives too much boost to the reds, I suggest that if you tweak it, do it with a color chart as a tweaking in one channel affects its complement as well.

In my tests and actual use its Tim's superwide that gives a neutral and color accurate palette for the HD200. You may just want to assign the stretch and normal black settings to the two user buttons to toggle it on and off to suite your taste. It produces images that is intended to be
graded in post. But it gives you latitude in doing your grading.

The Hd200 and hd100 uses different DSPs so the scene files are not totally interchangeable between them.

(Edited. Didn't see HD100 recipies link)

Re: HD200 Series Scene File Recipes
 

Sorry to drag up an old post but can somebody advice me where I can find Tim's scene .scn files?

Re: HD200 Series Scene File Recipes
 

I didn't publish scn files because I had a 250 at the time, with pre-release firmware, and the scn files would have caused issues in most HD200 cameras. The pdf in post #1 of this thread is the next best thing.