Panasonic AG-UX180

I currently shoot with a Canon XL-H1 and am finally looking to upgrade cameras. I really like what the AG-UX180 has to offer, but am concerned with the 8 Bit 4:2:0.

Video projects include corporate, training, television commercials, website, youtube, etc. I do color correction in premiere cc, and was concerned if I will lose any ability when color correcting using effects like lumetri color, tint, etc.?