Agree with Gourami Swami, and to add....
normally about 80% of the spawn will be indistinct mutts (kind of similar to when two different dog breeds mate, most pups revert to an almost generic base dog)
10% will be severely mutant, and should be culled as soon as noticed (curved spines, screwed up mouths, etc), and another 10% may actually be colorful and appealing.
But in order to find out which are appealing, you will need to grow them out until about at least 3" to 4" , when those appealing traits first begin to appear.
Then only allowing the best out, if not (as GS said) you will be contributing to the mass of unidentifiable cichlids we see by many confused posters put up these days.
The best use for the culls and drab mutts would be as feeders, for your, or a friends gar, turtle, large Parachromis, or some other predator .