Ok, so I ended up purchasing the HSM200 and installing @DrZWave 's device type. I added the device to my hub, changed the device type, and can control the LED (with all 7 colors) with the app.
Now I am interested in integrating this with something like the Smart Lighting app so I can activate a color based on motion/mode.
I’ve been doing a ton of reading, but am not at the level to be able to modify a template to integrate the color options. The LED allows only for on/off of white/red/green/blue, and combines them for the other colors. This is different than how, for example, the Hue devices handle colors. So if the proper code for turning on/off the 4 LEDs could be integrated into the Hue template, I think that custom SmartApp would work.