At the moment, no. In the current version of Inspect, there is not the ability for users to customize the Severity options and colors. 

However,...

At the moment, no. In the current version of Inspect, there is not the ability for users to customize the Severity options and colors. 

However, Inspect users can create a new field with a single choice type and add their own Severity options. They will not have the color but they can still see this severity rating on the dashboard using a dropdown menu to select different fields based on their requirement.