It seems like several useful features within the editor were completely removed with IPS4. Is there any way to restore some of the previous features, such as raw BBcode editing and the ability to color your text with a custom color-code instead of the very limited selection given by default?

1 minute ago, VHL said:

raw BBcode

This is a group setting at the acp. 

The color I can't answer.

Is that a raw BB code mode or just the ability to remove formatting? I don't see a rawbbcode switch.

8 hours ago, VHL said:

I don't see a rawbbcode switch.

Sorry my mistake, its Raw HTML.

The post content is now stored as HTML. So, no, there is no way to switch to bb-codes anymore, because they are not there anymore.

The color options can be extended easily. Either you install a more advanced CKeditor color plugin, or you create a custom button in the ACP which works ad you want it, e.g. asking for a hex value and then applying that as SPAN tag.