You can still calibrate the high bit LUT display using manual controls, so you can change white and black point without compromising quality. You only can't linearize display's TRC, so the calibration won't be as precise as in fully programmable high bit LUT display.
Problem is that the ColorMunki profiler is simplified, and it doesn't have manual whitepoint calibration, so you need some other software to do it. But there's a free ArgyllCMS that supports ColorMunki, so it's not a big problem.