Nope.
There was "Brawl masquerade" which was designed to give each character a palate of 8.
But it never was released. Possible reasons- a bug, the person just stopping work on it, etc.
Might still be in the works, probably not though.
well here is what i noticed, when i had project m my charizard had 8 colors but i could change my chars the way i wanted so i took M off and used this
as my base set up but now i have my chars i want but i cant seem to get as many chars or level mods any more just the presets any ideas?