Information

• Component Blending Modes selectively effect the colour properties of an image.

Lighten Blending Modes

• Hue
• Saturation
• Colour - Tends to make an interesting image dull and boring and just more like the colour because it affects luminosity and saturation as well. (Phlearn)
• Luminosity - Good for adjusting the luminosity of individual colours or tone ranges when used with Blending Modes such as Black and White and Selective Colour. 

Resources

• Colour Versus Luminosity Blend Modes by f64 Academy - Article

Links From

• Colour Toning.

Luminosity Blending Mode

• Use the Luminosity Blending Mode to adjust the brightness of individual colours, without affecting the colour and saturation. Good for adjusting the luminosity of individual colours or tone ranges when used a Black and White Adjustment Layer using the Colour Sliders, and Selective Colour Adjustment Layers. (Ref).