Yes I actually do use the color blind options, I have fairly bad eyesight so that option takes the strain off my eyes.
Thanks for confirming! Like I mentioned, I've flagged it to the team to have them look into this. For the normal-non-colorblind mode, it works correctly since the bar is usually white and the animation color is red. The colorblind options have it so the animation color is a slightly different shade of the base color, but it does not make much of a difference.