I was not really sure how I would approach this figure, even when I started painting it. In fact, the overall color scheme changed more than once during the process! That is a huge advantage in the Shaded Basecoat technique, where all you are doing it blocking in lights and darks as rapidly as possible.
A side advantage of this approach is that you don't have hours of time invested in painting any one part of the figure in those early stages, so completely changing the colors is not a hassle, and you feel more free to make the changes needed.
While we can usually guess what color scheme might work best on a figure before we start painting it, I think that everyone runs across a few that end up not working as the original plan intended. Being able to quickly adjust that on the fly, and experiment right there on the figure itself can be very handy!
Since a lot of the shading is done through glazing and tinting, you won't be piling up lots of paint and losing details. Most of the time it is about shifting color of some areas... but I have switched colors entirely, as in going from a "white" wolf to one that was essentially black :-)