I'm playing with your object as well, and the first thing I'm trying is to get the displacement you want shown in colour only, so I replugged the powerfractal from displacement into colour and made the high colour red and the low colour blue.
When using pretty large scales for a terrain, I only get a purple colour. No red or blue specles, just pure purple.
When scaling down the fractal, I got more colour variation.
I got some reasonable effects when setting the scales really low!!
Here are some picts to show: