Oh man, HELL YES. I've been looking forward to this for a
long time. Its no big deal that you lost color, you can still tell a damn good story without it. The fact that you're attempting to finish the nuzlocke straight up is fucking awesome (though its ok if you don't)
As for the chapter itself, it was pretty damn good with a good pace. RIVAL FIGHT. Oh boy, I liked how you were pretty thorough with it. From Zubat, to Magikarp, to Ivysaur and Pigeotto, everyone pokemon got their fair share of screen time. The "or are you afraid" panel and the subsequent Red sending out Zubat were my favorite panels. They just work so well together. Though the cliffhanger at the end worries me, I want to see a Pidgeottttt... like NJ said, Cerulean city was gorgeous.
Keep it up dog.
PS: You updated on the same day the shonen manga were released. Epic coincidence.