From what I gather the feature was simply removed because there aren't enough unique armors in the game and the color match system exposed the palette swaps. They are probably going to readd the same or improved system later down the line once more models are in the game. I don't see why they can't add the color match system now since it works and add an improved whenever it's ready. It's not like people can't see through palette swaps, these are old tricks that most gamers are used to.
That's exactly what I took from it and appreciated the frankness of the explanation.