Here's a cool surprise: marcomads has updated Claw Marks to feature the correct 'ribbon' colors! Wing Commander I awarded 'ribbons' for various achievements which were displayed on your character's uniform in the locker (and during medal ceremonies.) Ribbons were issued each time you flew a new fighter or when you completed a certain number of missions or kills. The Claw Marks manual included greyscale diagrams of the different ribbons... unfortunately, they didn't really match the ribbons in the game! Macromads has gone through and found the proper coloring for each:
You can learn more AND download the complete manual in his thread.