Custom Roles (and Sub-Roles) -- I know it sounds like a pain in the you-know-where... but it can be a timesaver if you have the discipline to set them up.
When you select the role/subrole you're working on, the clips "light up" and are easily distinguishable from all other clips on the storyline.
Below I have "old edit" highlighted (and the "new edit" clip thumbnails are minimized [see the small icon on the right side of the column is selected:])
And below the "new edit" role is selected lighting up the clip on the storyline.
You can command click multiple roles/subroles to highlight different wider-scoped aspects of your project.
You can also change Roles for clips once their status has changed. There are a variety of ways to do this, but one of the easiest is to customize the timeline index a little first. If you go to the Clips tab and right click on the column title bar, you can set what is shown:
I have Position and Roles showing (I don't use notes ordinarily nor the Active Angle as I don't do a lot of multicam.) From this pane, you can shift or command click any number of clips in your storyline then go to any one of the downward turned triangles in the Roles column and change the assigned role for all those clips simultaneously.
There's no way (yet) to set the colors of clips, but you can do a lot of very sophisticated organizational things with Roles.
HTH
