Vivid light does not work on bright colors very well, nice bright rich colors have enough information to use Hue/Saturation or Selective Color. I've never played much with replace color, but I've never really been able to get a good selection with it, or with color range either.
Speaking of Hue/Saturation, I use it fairly often on only one part of the color spectrum. For example, I've been doing something for the last three or four months. I found this great shirt and tie set that were an almost perfect magenta when photographed, so I wore it for my staff photo for our campus's online directory. I've been going in and using Hue/Saturation to change the color of my shirt about once a week just to see how long it takes for someone to notice it. (Hey, WebMasters need fun too.) I wish I could find shirts in some of these colors, especially the green one on the right.