How luminance improves your color choices
When you know luminance values, you also know the amount of contrast
between two colors. Contrast is the distance of luminance between
two colors. For one color you always know the contrast value in
relation to any grayscale value.
Color decisions need to consider contrast because contrast is key
to usability. It's also the most powerful visual information - before
hue and saturation - and therefore best capable of guiding
attention. Furthermore, it's much more effective to counteract color
deficiency confusion by testing for contrast, than trying to choose
the "right" color hue.
What does that mean in practice? Test for contrast from how people
experience a composition. Starting from a single element, to other
elements, sectionwise, levelwise, finally to the overall
composition and then the other way round. Compositions in this
context can be everything from what you wear to a website, or product
packaging.
To test a composition for contrast, make a screenshot or take a
picture and convert it to grayscale. When you are about to choose
color, tools like the
HSL color schemer let you monitor luminance
values to manage contrast from the beginning.