I did some tests so I’m answering my own question in case someone else needs it. The settings from the following built-in color correction effects will transfer from Premiere to After Effects:
Effects marked with a * are hardware accelerated in premiere
Under the Adjust category:
Auto Color
Auto Contrast
Auto Levels
*Levels
Shadow Highlight
Under the Color Correction category:
*Brightness & Contrast
Broadcast Colors
Color Balance
Color Balance (HLS)
Change Color
Change to Color
Leave Color
*Tint
If you use Colorista, in Premiere, it will apply the Colorista effect to the footage in your After Effects project, but it will be missing most of the settings. When I called Red Giant support, they said that they didn’t support the effects settings transferring between the two programs.
All other color correction tools I tried do not transfer.
-Matt
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