Hi Rudy,
I would go ahead and extract the Luminance if I were you. I use a OSC ZWO CMOS camera and have noticed an improvement in my images since I have started doing it, although as rob says...it is "perceptual". The data is not a true Luminance image as it has been processed to some degree and lacks the full resolution and detail of a mono Luminance image.
The main differences between an extracted Luminance image and a Luminance image captured with a mono chip are processing, filtering of bandwidths of light and the bayer matrix on our OSC chips.
All imaging chips are mono but the OSC chips have 4 tiny filters covering each pixel in a 2x2 square arrangement (the bayer matrix), one red, two green and one blue. Sometimes they are laid out RGGB, GRBG etc so make sure you have the correct one in your settings when capturing/processing. If you don't the image will come out with incorrect colours. In daytime photography with your DSLR, your camera does the colour processing automatically and usually outputs a nice colour accurate jpeg. Essentially the camera/software does some clever stuff and determines what colour each pixel should be by determining the amount of signal the chip received through the tiny filters.....(basic explanation). If you look at the raw unprocessed files that we capture for astro images they will be B/W not colour, this is because they have not been debayered (assigned colour) yet.
A mono chip obviously does not have the bayer matrix covering each pixel which is why mono imagers have to use either RGB or Narrowband filters to give their images colour. When they capture their Luminance images they collect the "True" Luminance signal as they do not have any tiny filters impeding the light path to the imaging chip. That is why I said they get the full resolution Luminance.......someone once explained to me that if you have a 20 Megapixel OSC camera, effectively it is a 5 Megapixel camera (each pixel having 4 filters......20/4=5) thus reducing resolution. That's not a technical but more of a figurative way to understand it btw.
Your DSLR also has another couple of filters in front of the chip. One to block UV/IR and an anti-aliasing filter which further reduces the bandwidth of light that the chip can detect. When you have a DSLR astro-modded, these filters are removed/replaced, allowing bandwidths of light to be detected that are undesirable in daytime photography but desirable in astrophotgraphy, namely but not limited to, Ha.
With these filters in place your chip will not detect these blocked bandwidths of light and will result in less detail. Hydrogen Alpha is one of the most common wavelengths of light in Nebulae so it is definitely advantageous for your camera to be able to detect its photons.
A mono chip will detect the photons from ALL bandwidths of light (unless blocked with filters) which results in Luminance images captured with mono chips containing more data and therefore detail.
In an extracted Luminance image you are never going to get all the detail of a true mono Luminance image as explained above. Using an extracted Luminance is still a good idea in my opinion though. As I said I have noticed an improvement in my images since I started doing it and the only way to know if it'll help yours, is to do it and experiment. If you need a workflow for it just let me know.
Jack