Craig's rework is an excellent illustration of what can be done to salvage a badly deficient image by playing with channels and other photoshop tools, though it's a lot easier if you can get the colors close in the original image (by shooting within strobe range, for example).
To my knowledge, Titan triggers are only dangerous when they're protecting their nests. You'll know. These fish are not to be taken lightly - a diver in Puerto Galera had most of her ear torn off by a Titan a few years back, and I've seen fins with surprisingly big bite marks taken out of them.
In my experience, when a Titan attacks, it will come straight at you. The conventional wisdom is that the territory defended by a Titan is basically the shape of an inverted cone, centered on the nest. So the idea is to swim sideways and, if possible, down slope, so as to get out of the danger zone as quickly as possible. Avoid swimming upwards, as the circumference of the area defended by the Titan is supposedly larger at shallower depths.
I've experimented a bit, trying to finding the edge of the "danger" zone and seeing if I could shoot an attacking trigger from just outside it. These were not successful. It seemed clear that the "zone" within which the Titan is likely to regard you as a potential threat is quite elastic, not really a well-defined area.
Frogfish