Firstly, I don't believe there would be any perfromance difference in terms of distance or spin.
Secondly, I think seeing the ball can be broken down into seeing the ball in the air, and finding it on the ground.
I don't play as much as many on here, but I do find the yellow or pink ball easier to see in the air when the sky is flat overcast, as it seems to contrast more than a white ball, I can find it quicker when looking up after my swing. It may not be an issue for people living where their weather is generally clear, or just the odd cloud. Where I am, overcast is almost a part of every day!
I know when looking for my ball on the deck, that to me, the pink and green and yellow contrasted quite well on an overcast day. But only a little bit more than a white ball, with white balls shining more than others on a sunny day, and again, that is just how I saw it.
The other advantage over white, is that typically less people play a coloured ball, and as many players would say, that generally means they instantly know which ball they need to walk to when playing in a foursome.
Just some thoughts, and of course, YMMV. Good luck with your project!