I'm not sure what you mean here - Color Correct takes a singular input map, and the new functionality lets you have more than 1 input map, each with an associated output. However, the Distance Map has four inputs, not one, so how to you envisage that working? Also, the Distance Map has the "Distance From" object baked into it, so you'd still need different Distance Maps for different "distance from" objects.
Are you picturing with a value of 2, that you'd have 8 inputs (4 for each version) and they'd both use the same Distance From object, so basically you would be getting the same distance map from the same object just with different near, far, and outside colors, and different Scaling? Or was there something more you were thinking it would achieve?