Adobe Premiere Cloud-based vs Older Versions

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I have an older copy of Premiere Pro without the Lumetri color tools and masks for exposure improvements. I'm am not sure it would make sense for a hobbyist like me to upgrade. Is the improvement over the older basic auto or fast color correction functions worth it?

Given the small sensor size on the Phantom 4 does the upgrade to the new cloud-based Adobe Premiere Pro make sense? Has any one done any comparison for color correction or would it be pixel peeping to see a difference?
 
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