Hi Kevin,
I have done a handful of bi-colour images. I tend to LinearFit the two NB masters and start with a simple HOO combine and adjust colour afterwards. That may not work for everyone but it does for me. I use ColorMask a lot (I wrote it!) and I sometimes use processed versions of the NB masters as masks for additional colour manipulation. Here's a hint if you want more/richer blues: stretch a copy of your Oiii master and clip the bottom end. Apply as a mask to your colour image and play around with CurvesTransformation, e.g. boost the blue, boost saturation, reduce red and green, adjust the lightness a little.
I'd have a play with your data if I had a bit more time but I'm getting ready for a trip and I'm already way behind on my queue of data to process. Good luck!
Here's an example of a bi-colour image based on a simple HOO combine (RGB stars thrown in):
http://www.astrobin.com/full/254123/0/Here's a rather more funky bi-colour where I used PixelMath to adjust the colours based on the brightness of the Ha and Oiii data:
http://www.astrobin.com/full/143114/0/Cheers,
Rick.