Garry, I've read that speed lights are less colour consistent than studio heads because of the way the power is controlled. Is that true?
Yes, but let me qualify that...
All that I've personally tested is my Nikon SB-800, a couple of older Nikon flashes and some generic flashguns. I haven't tested the SB-900 and I haven't tested any of the Canon products, simply because I don't have any.
The consistency, flash to flash, is spot on. The problem I found is that as the power is turned down, the colour becomes increasingly colder (more blue).
The reason for this is obvious. At full power, the flash discharge is complete and the camera records all of the light emitted by it. This includes both the blue colour of the start of the flash and the red colour at the end of it, which balances out nicely. As the power is turned down, the flash pulse is quenched, and at some point only the very start of the flash pulse, which is very blue, is 'used'.
On most of the flashes I tested, the colour changed by 1000K.
Of course, this problem may not exist in all flashes - Richard (Hoppy) says that the Canon ones are OK.
The problem is definitely there with the Alien Bees IGBT light (Einstein) but they have a clever solution for it, a mode that progressively adjusts the colour temperature as the power is reduced. And I happen to know about another, brand new IGBT light that will be available shortly that also gives consistent colour regardless of the power setting.