I've come back to check your work out again a few times. Really like the detail you've obtained. The recent adjustment has certain reduced the distraction. I don't think I'd probably worry about the luminance flare... I guess this is a case of how far you want to take it. With the flare colour gone, you could follow up on the luminance with the following. Its similar to what I advised previously to bring back the star colours (just leave the layers as a normal blend this time).
- Duplicate the luminance layer and select the new layer
- Go to the Filters | Noise | Median
- Increase the radius until you see no more flare in the luminance. Its ok to blur it relatively hard as you can dial back the adjustment later using the opacity settings or a mask. The goal should be to get rid of it so do what it takes to get that far.
- Select the original luminance layer again and use the colour range tool to highlight the stars including the galaxy. The stars are more important at this stage so focus on these. Alter the fuzziness slider until you get a good match. Make sure you get those faint ones (a high fuzziness setting).
- Expand the selection by 2 or 3 pixels (or to your taste)
- Feather by 2 pixels (or to your taste)
- Check the galaxy selection and adjust Get the lasso tool out (shortcut L) (feather by 20 pixels or so) and add to the current selection (hold down the shift key to add to selection). Lasso the galaxy so you've got the out reaching arms highlighted.
- Recheck the selections. If you find that some of the flare is also selected, subtract it from the selection using the Alt key with the lasso tool.
- Then select the duplicated layer that you've performed a median filter on (important, make sure its selected!!)
- Hit the delete key
- DONE!
- The galaxy and stars are brought through the original luminance layer, while the background in which has had median filter applied is taken from the layer above.
You'll probably find that the background will now look too smooth and noise free. While in some cases this is ok, but you want to avoid the plastic feel, a bit of noise is good. You can dial back the opacity a little OR, what I normally like to do is create a hide all layer mask on the duplicated layer. Then you can use a paint brush to paint the mask to reveal the median filtered luminance background on the affected areas. You can't impact the stars as they've already been removed from the layer. Just dial back the brush opacity and flow (20/20 works well for both settings), but its a matter of preference.
You can do a similar task using an inverse mask, however you'll find that the mask itself may also contain the flare in which you're trying to remove so you'd need to modify it before hand. Of course, theres more than one way to do the same thing in PS. Its just a matter of finding something that works well for you. Hope it helps.
Cheers