I guess for me, red means "Warning - You do not have Walford's bucket equipped!"
But this new state (bucket equipped, no quest) is different. This Orange color still means "Warning", its just a different warning.
Those who don't read every page of this forum or RTFM just see some bright color change and know something is wrong. Isn't that sufficient for most, whether it is red or orange?
As an alternative, we could style the text with a css class for "nobucket" and a different one for "noquest". Make the default color red for both, but I could change my chit_custom.css to be different if I so desire.