Ray,
Undoubtedly, several alternatives exist. What I would probably start with is assigning the NB to a palette (of your own liking or the Hubble palette, or whichever) and combining the NB accordingly. The resulting color image is processed, stretched and processed some more (as with any RGB image). Then the L image is processed, also including stretching, and combined with the RGB using the LRGB tool.
Just a starting point. But, all is fair in the realm of image processing!
Alex