In addition to cells with an IndustraForm, it is also possible to style individual options from a Choice field.
This can be done in the Type Panel by clicking Edit next to the Option Format property.
The following shows a screenshot where the "Off" option in the dropdown has been formatted to have red text.
This will appear in the dropdown of the IndustraForm view as below, where the text for the "Off" option is shown in red.
The other dropdown options have been formatted such that the "On" option is green text and the "Standby" option is gray text.