Well, I am not sure what it would take to change the color, I haven't looked into that. But, yes it is possible to apply the tags I've mentioned above to any standard HTML code (or in any template). In most cases people cut the code out of the template, edit it in their favorite text editor and then paste it back in. This is where labeling it is beneficial, regardless of where you edit your templates.
Also, as you have probably already noticed, any template that has been edited shows up in a different color, so you will at least know which templates those are.
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