Two competing reviews:
from the above:
"The RGB light source and absence of a color wheel leads Panasonic to claim "virtually no rainbow effect" despite the single-chip design."
and:
www.projectorreviews.com
from the above:
"The picture quality of this projector really is amazing. Panasonic nailed it in this regard. Colors are vibrant without being oversaturated. The contrast and brightness are enough to allow the LRZ35U to be successfully deployed in a wide range of environments.
Its overall picture quality, including brightness and contrast, slightly exceed Panasonic stated ratings in our testing and to my eyes. Colors are consistent and the images this projector produces are just pleasant to watch. Even though it’s not necessarily the primary market, the Panasonic PT-LRZ35U has been purpose-built to fit into a wide range of use cases including home entertainment rooms.
The Panasonic PT-LRZ35U checks almost all the feature boxes you would expect from a business class projector at its price point and adds a few that are not normally seen on this class of projector. Its excellent picture quality, size, and overall feature set are why I am recommending you consider the LRZ35U for your business or home projector needs. It’s also why we are giving the Panasonic PT-LRZ35U a Projector Review special interest award. We really like it and think you will too."
This projector checks many of my boxes for the ideal all-round projector.

Panasonic PT-LRZ35U LED Projector Review
Panasonic's PT-LRZ35U is the brand's first discrete RGB LED projector, and the first Panasonic in a long while targeted for home theater along with the business markets it was designed for. So how did it fare for each?
www.projectorcentral.com
from the above:
"The RGB light source and absence of a color wheel leads Panasonic to claim "virtually no rainbow effect" despite the single-chip design."
and:

Panasonic PT-LRZ35U RGB LED DLP Projector Review - Projector Reviews
Panasonic's first discrete RGB LED DLP projector that's being marketed to both the business and home markets. [...]Read More...

from the above:
"The picture quality of this projector really is amazing. Panasonic nailed it in this regard. Colors are vibrant without being oversaturated. The contrast and brightness are enough to allow the LRZ35U to be successfully deployed in a wide range of environments.
Its overall picture quality, including brightness and contrast, slightly exceed Panasonic stated ratings in our testing and to my eyes. Colors are consistent and the images this projector produces are just pleasant to watch. Even though it’s not necessarily the primary market, the Panasonic PT-LRZ35U has been purpose-built to fit into a wide range of use cases including home entertainment rooms.
The Panasonic PT-LRZ35U checks almost all the feature boxes you would expect from a business class projector at its price point and adds a few that are not normally seen on this class of projector. Its excellent picture quality, size, and overall feature set are why I am recommending you consider the LRZ35U for your business or home projector needs. It’s also why we are giving the Panasonic PT-LRZ35U a Projector Review special interest award. We really like it and think you will too."
This projector checks many of my boxes for the ideal all-round projector.