I believe different color LEDs draw different amounts of current, so it might be worthwhile to research which color draws the least. Then, you can wire a pot between the LED and the battery, slowly adjust the pot until you get the brightness you want, then carefully remove and measure the pot to get the resistance you want.
Not necessarily the output wavelengths, but the output intensity. Many LEDs simply have a diffused lens which colors the light. Clear white and blue LEDs tend to draw the most current, because those colors often come in superbright varieties. Your standard T1 or T1 3/4 package diffused-lens red, green or amber LED from RadioShack draws 10mA at a forward operating voltage which is usually around 3V. Though voltages range from as low as 2V to as high as 3.6V, depending on the LED. The superbright whites and blues (some reds) typically run higher currents, like 20mA, on the high side of the forward operating voltage range.
Personally, I'd be inclined to choose an LED with a lower output intensity, narrow viewing angle, and diffused-lens, as opposed to ending up with a flashlight on the control plate.

Get whatever color strikes your fancy. Or perhaps a bicolor LED with DIP switches inside the control cavity to select the color.