You have full creative control so do as much as you can in Capture One/the RAW conversion

For example: if you apply color grading in Capture One before taking the image into Photoshop, you’ll spend less time retouching because the image already feels much closer to being finished

When editing, there are always multiple ways to achieve the same look, so if you feel more comfortable using the Color Balance Tool than, say, Curves, that’s absolutely fine!