[theymakemesick]

Really? Tell me why the artificially colored image is accurate?

[NautiNurse]

Tell us why the UNC student newspaper published this photo days before the colorized version appeared.

Police believe the suspect to be wearing this hat.

[visualops]

The colorizing makes it easier for the eyes to distinguish and thus easier for people to identify the person and their clothing since it’s more realistic, and more color also enables more enhancement since you have more information to work with.
“MS Photoeditor” isn’t going to give you much of an idea of how images can be enhanced to bring out details.
The H stands out because it’s high contrast and white vs the colored star and cap. Dodging highlights (a photographic tool to brighten the lightest points) would sharply bring out the H, while you’d have to be more careful with the star and cap since the tones are closer.