if it is really for CC, i think S-IPS are good even if too slow, since most of time, CC is done on paused video.
The you will see some ghosting when playing fast paced action video, but if you stay focused on color rendition, this shouldn't be too disturbing.
Remember that LCD evaluation are usually done by people testing games, with fast or ultra fast action. That is rarely the case in real life video, except perhaps kung-fu or sci-fi movies.

If it's what you can afford, then it's what you can afford. Do it and don't look back. When you have enough work coming in, you should be able to dump it and go with something more dependable.

Until then just keep 2 thoughts in mind.

Until you know what it's doing in terms of framing (no underscan) try not to capture audio using a boom mounted mic - because you won't be able to monitor whether it's in frame if you don't have an accurate frame line at the monitor.

And be VERY, very careful about mixed lighting situations. Train yourself to notice exterior windows, fluorescent lights, practicals, and anything else that might deviate from the primary light source in your scenes, because your LCD monitor will most likely HIDE the differences between non-standard color temperature lighting - and the person or product that looks warm and attractive on your LCD may well look greenish, or redish or just WRONG ish when you get back to the studio.

Those are the PRIMARY things that proper monitoring helps you avoid.

But if you can't afford to do it now, so be it. Just understand this reality and know you'll need to THINK your way around those issues if you can't actually see them on location.

Good luck.

Bill,

Good advice... Thanks! Those are things I hadn't thought of.

Panasonic 17" Lcd
Matrox mxo
spyder
those are the top 3 choices inthat order or all of the above