I love having an entire file/folder name in a specific color -
but would also love to be able to apply my custom icon as a Status label
that shows up preceding the name - is there a way to do this?
Hmm, you can apply multiple labels to a single folder (or one via wildcard and one explicitly on the individual folder), but you'll still run into the problem that they're both trying to change the same icon.
Using status icons instead of changing the main icon would be easier. Or having the main label only change the text color and not the icon color, so a second label can modify the icon.