Very few here can get by with color for plate reading. The shutter has to be too fast to read plates. Depending on the speed of the cars as they pass your mailbox, 1/500 is probably minimum shutter and most cameras that will be too fast of a shutter for color.
The few that have been able to make color work has a lot of street lighting and the car comes to a stop at a stop sign so they can run a slower shutter because they car stops.
I pinhole camera will not be able to read a plate...but could work for an observation camera.
We are just trying to manage your expectations of what is possible and make sure you get the correct camera for what you are trying to accomplish.
The few that have been able to make color work has a lot of street lighting and the car comes to a stop at a stop sign so they can run a slower shutter because they car stops.
I pinhole camera will not be able to read a plate...but could work for an observation camera.
We are just trying to manage your expectations of what is possible and make sure you get the correct camera for what you are trying to accomplish.