Richard -
I read the documentation (your link, thanks) for PCC again. It states "The Saturation threshold parameter should always be below the saturation level of the three RGB channels.". Because the R/G/B channels all saturate at at normalized value of "1", the default setting of 0.95 for the Saturation threshold should work fine.
Practically, if any of the R/G/B channels are saturated the star color will be incorrect. Thus, logically, only ONE of the channels being saturated should cause the star to be flagged. I know that the tutorial suggested setting the threshold below the lowest of the three channels, but, i'm not sure that is correct. Your Red channel is the only one that will be causing any saturation, so, that may be the only threshold that you need to worry about. I believe that is why the default threshold value is set at 0.95 not some low value.
This is just my reasoning, but, it sure seems logical.
Steve