The color correction is not a big deal. Without seeing the other camera angle, I don’t see an issue with matching.
The drop-outs can be fixed either manually or via a plugin. CHV make a drop-out fixer which I have used. As the shot is locked on a tripod it is an easy fix. (Digital Heaven also have a dropout plugin).
To fix manually put a copy of the clip on the layer above (with the same grade of course). Crop the image to the area where the drop out occurs and put the frame before or after over the drop-out. You only leave one frame of the copied clip to cover the drop-out.