The good thing about shooting digital is that you CAN learn and experiment.
Hey, you could even shoot a period film in color then change it to Sepia or Black and White later if you wanted.
There are a million variations you can use for the color correction of the film. ( maybe too many )
If you where sepia toning a print you would not have as many options.
I've sen many Israeli films that where quite engaging. The new Argentinian/French/Israeli film : Family Law
was very heart-warming. With real people and fine performances. You can't say that about a lot of American films. You could do a million takes in an American film and not be able to fix the fact that the guy acting with a big name just can't cut it on a personal level.