Personal opinion on terminal coloring (or any escape sequences). Colors should be completely optional as information because colors are not subject to copy and paste in today's standard environment. I don't think Prism currently violates this, but I would ask you to make sure that it never violates this.
The reason for this is partly because of the colorblindness issue that ko1 mentions, but also because it would damage the Ruby ecosystem.
If copying and pasting text reduces information, people will start asking questions on stackoverflow, etc. with screenshots instead of text. Then error messages will no longer be subject to string searches. This would make it difficult to search for the information on Google or in a browser. In the future, when Google search, browsers, and ChatGPT or something, all support OCR by default, this limitation could be relaxed, but for the time being, terminal output must be complete as a text.