The THX optomizer is not a very accurate or complete method to optomize a display.
Setting brightness it gives a result in the ballpark of the minmum level you want brightness. Not the ideal brightness. You may want it slightly lower for maximum contrast, video black digital 16 = the blackest the display will go, or slightly higher shadow detail 2% and 4% above black are distinguishable from black in brighter scenes. Where you set brightness should be partially determined by gamma tracking and greyscale colour accuracy both of which the optomizer ignores.
Setting contrast it gives a result in the ballpark of the maximum level you can have contrast. Not the ideal contrast which is usually lower to give a better gamma and greyscale colour accuracy and will display some spectacular highlights/overshoots, rather than just upto reference white. Getting correct gamma should be the main determining factor when setting contrast, then checking you are not clipping white or suffering colour tinting of the greyscale.
The more modern THX optomizer test patterns on some blu-rays have above reference white boxes as well but gives incorrect instructions, stating a correctly setup display should not display above reference white information. These more modern THX optomizers also have a gamma test pattern to get in the ballpark of 2.2 gamma. But fail to point out that desired display gamma varies between 2.2 and 2.5, depending on the viewing environment and the brightness of the displays white point. A projector in a light controlled room will want a higher gamma than a lcd flat pannel in a living room with the lights on. A smooth gamma curve is also wanted, but this test pattern does not enable you to check that.
Setting colour, you are not checking the colour filter is only passing blue light, so do not know if the filter works with your display (the filter should display black with red and green colour bars). Since skin tones are most important to the perception of accurate colours, red and green should ideally be checked in case the decoder does not work how it should, but with no red or green filter this is not possible with THX optomizer.
Since greyscale colour accuracy has not been checked you may end up with the correct colour level added to a non-neutral greyscale. Gamma also effects colour saturation and hue.
Setting sharpness is very approximate. It does not use a horizontal frequency sweep pattern to see the effect across the board, or check for visible ringing at normal viewing distance on a worst case sharpness test pattern. It also does not have a maximum resolution test pattern to check pixel phase is correct which some displays at least some projectors, enable you to alter.
Gamma tracking and greyscale colour accuracy are crucial to the display giving its best performance but both are ignored by the standard THX optomizer. Brightness (black level) and Contrast (white level) are the start and end points, gamma tracking is what determines the greyscale step sizes inbetween, the in picture perception of contrast, image depth. Colour (luminance/saturation) determines how much color signal is added to the greyscale image, but greyscale colour accuracy determines how neutral that greyscale image is to start with, since colour hue descrimination is determined by the ratio between colours if greyscale is wrong you will have to lower colour (luminance/saturation) to make the colours not look so odd, the image will then be more washed out and subtle hues less noticeable, both greyscale colour accuracy and colour(luminance/saturation) need to be correct to get a vibrant lifelike image.
Since there are reference test patterns designed and used by the industry to calibrate displays. I do not see why THX see the need to invent their own and give dumbed down and misleading instructions on how a display should be setup to consumers, other than for self promotion of THX. THX has started to give certified training to calibrators so they can use the THX accreditation to advertise their services, it does not train calibrators to use the THX optomizer but to use the industry standard test patterns.