It seems you can get better quality color selections with the new Color Range tool in the mask window, than with the Color Range menu tool...
I think the reason for lesser quality with the Color Range menu tool is that it gives you a selection, not a channel/mask, maybe the selection is only 8 bits, whereas masks/channels can be 16 bit or more...
the example is the color range Cyan selected both ways, and the same steep levels adjustment applied to both masks...
the original file is 16 bit rgb.
[attachment=17684:color_range.jpg]