Is it possible to...
 

.. to somehow create different usergroups and give them their own color that their username appears on the forum? As in, Admins appear in red and Super Mods appear in Blue. if I created a new usergroup called Senior Moderators and wanted them to appear in orange..

Any help is appreciated.

Thanks,
Paul.

If you choose the usergroup you want to assign a colour in the admin panel you need only put in the field "Username HTML Markup" for example in the left field:
<font color="#B557A7">
and in the right field the closing tag:
</font>

Thank you, got it :D