As far as colors... bright colors are... brighter.
Due to the way the human eye perceives color, green is very nice. Blue is good also.
We buy the RGB led strips with a controller that allows all colors, mostly we have these on display flashing various colors in sequence.
You get best results when you burn the back side of the acrylic. This means that the design is reversed during the burning process so that it looks good from the front.
The transfer tape that we paint black (It's basically masking tape that is twelve inches wide...) is placed on the acrylic, we burn the design backwards, then the transfer tape is removed. The brown paper that is used as a protective film works better than transfer tape.
(Bonus Galaga pictures)